Romania's Tax Hikes Spark Public Outcry: Cost of Living Crisis Looms

Romania Faces Rising Taxes: Citizens Express Concerns as VAT Hikes and New Levies Hit Wallets Romanian citizens are bracing for a significant increase in the cost of living following government announcements of substantial tax hikes. The measures, aimed at addressing a large budget deficit, include a VAT increase on essential goods and services, as well as the introduction of new taxes on banking transactions and alcohol and fuel. "This is a disaster," stated one interviewee, expressing concerns about the impact on those struggling to make ends meet. Economist Mircea Cosea added, "It's concerning to penalize citizens who work hard and meet their obligations, especially without proper impact studies." The VAT increase will affect food, energy, and hospitality, with experts predicting a ripple effect on prices. The new taxes on banking transactions and alcohol/fuel will further burden household budgets. While the government cites the need to address a 9.3% deficit, many Romanians fear the consequences of these measures on their daily lives.