PM Ungureanu considering cutting social security contributions on employees by 3-5 percent

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Prime Minister Mihai-Razvan Ungureanu told the TVR1 public television channel that he is considering cutting the social security contributions by 3 to 5 percentage points, particularly the contributions borne by the employees.

‘I am considering cutting the social security contributions due by the employees, and maybe those due by employers, by 3 to 5 percentage points, depending on how much we can afford,’ said Ungureanu.

He added that the cut will be performed depending on the national budget and also on external economic developments.

Former Prime minister Emil Boc last year said the Government was contemplating cutting the social security contributions by up to 3 percentage points, but only those due by employers. The cut failed to materialise.

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