Social security contributions in one pocket

Starting January 2004, all the social security contributions – insurance, healthcare and unemployment, will be collected by an independent agency, also a legal entity, subordinated to the Finance Ministry, Finance minister Mihai Tanasescu told Ziarul Financiar. The agency should address the poor collection of this type of social security budget revenue, as this budget ended 2002 short of 9,960bn ROL. “Unifying the management of the social security contributions will allow simplifying the collection monitoring procedures, with only one fiscal control performed for this segment,” Tanasescu says. Introducing a single social security contribution quota to cumulate all the existing social security, unemployment and healthcare contributions might remain a draft, although it was announced by the Finance Ministry as early as last year. ZF