The amounts that the Fiscal authorities are owed by taxpayerswho failed to pay their fiscal dues are ten times higher than thestate's arrears, but the IMF insists on the state paying its owndebts in order to prevent it from being itself a factor ofarrearage.
Companies and individuals had 21.9 billion RON (5.1 billioneuros) in overdue debts to the general consolidated budget at theend of June, while the state's late payments (by 90 days or more)to taxpayers (in the private and public sector) amounted to 1.95billion RON (460 million euros) at the end of July, according tothe National Fiscal Administration Agency (ANAF), were ten timeslower.
This makes the state a net creditor, despite continuing to havesignificant debt.
On July 31st, local budgets' arrears exceeded 1 billion RON, whilstoverdue amounts to suppliers, as recorded in the state budget,stood at 787 million RON.
Overdue amounts owed to the social security budget amounted toalmost 129 million RON. The arrears reported by ANAF do notdifferentiate between the private and the private sector.
The Government committed in the stand-by arrangement with theInternational Monetary Fund (IMF) to cut to zero the arrears to theprivate sector, but at each review of the arrangement asked for anew derogation, after failing to meet the quarterly targets it hadcommitted to. Last month, the head of the IMF's mission thatreviews the arrangement with Romania, Jeffrey Franks, said that thestate would have to pay around 2 billion RON in accumulatedarrears, while a new derogation from the arrears payment targetcould be requested only if "serious efforts" are made to solve theproblem.
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