Flat Tax Might Be Reduced In 2011 If Romania Resumes Economic Growth - President

Romanian President Traian Basescu said Saturday, during a debate held in Cluj-Napoca, northwestern Romania, the flat tax might be reduced from 16% to 14% in 2011 if Romania resumes economic growth.

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Basescu said he refrains talking about tax reduction in his election program as the country confronts with a budget deficit of over 8%, adding flat tax might be reduced in 2011 from 16% to 14% if the country resumes economic growth.

Liberal presidential candidate Crin Antonescu, who participated in the debate alongside Basescu, said he will make sure the future Government will take measures to reduce flat tax and the VAT, if he is elected president.

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