He added that the institution was taking into account a number of solutions of boosting state budget revenues, but warned that tax increase is not yet an option, NewsIn informed quoting The Money Channel.
He stressed that the news appeared in the media (on the raise of VAT and single tax) were not correct.
On the other hand, IMF does expect the fiscal situation of the country to get even worse for the remainder of the year, which is why Romanian authorities should find the best solutions to avoid broader economic slippage.
IMF official refused however to make any statement regarding the 7% budget deficit target for this year, considering that the minister of public finance Sebastian Vladescu said the government still relies on the 5.9% deficit goal.
Jeffrey Franks said further details on the talks with Romanian government would be made public on Thursday the latest.
IMF: Romania�s fiscal crisis will get worse
The International Monetary Fund said it was considering four budget revenue growth options, but warned that the country’s fiscal situation will get worse in 2010, said the IMF mission chief, Jeffrey Franks.
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