Not seeing a Scroll to Top Button? Go to our FAQ page for more info. If the reduction of Social Security Contributions can be done without IMF’s approval, then we have missed this chance since 2013 - Cosmin Marinescu | Cosmin Marinescu

If the reduction of Social Security Contributions can be done without IMF’s approval, then we have missed this chance since 2013

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In economics, “later” means missed chances. The reduction of Social Security Contribution is discussed since one year and a half, and when it finally happens, it might not generate the interest and confidence that entrepreneurs needed. On the other hand, the announcement that social security contributions will be reduced comes in a special context, where it is clear that it does not benefit from the support of IMF and other international partners. It is strange that, when it comes to this significant measure, the government had chosen to ignore IMF’s point of view, after it passed through IMF’s filter every change in tax policy.

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Cosmin Marinescu