budget deficit

The Macroeconomic Confidence Indicator of the CFA Romania Association decreased slightly, in July, by 0.2 points, to the value of 52 points, and almost half of the association's analysts (47%) anticipate a reduction in the inflation rate in…

The National Bank of Romania (BNR) has revised its inflation forecast down from 4.9% to 4% for the end of this year, and from 3.5% to 3.4% for the end of 2025, expecting to fall within the target corridor due to recent more…

Romania will negotiate a seven-year agreement with the new European Commission to return to the 3% deficit target, Prime Minister Marcel Ciolacu announced on Tuesday. He emphasized that the country is in a period of "accelerated"…

Romanian Prime Minister Marcel Ciolacu claims that the Government will sign an agreement with the future European Commission to reduce the budget deficit for 7 years, with a decrease of 0.74% annually. The PM has made this announcement…

Romania recorded a budget deficit of 6.6% of GDP last year, according to Eurostat data, being 0.3 percentage points higher compared to 2022. If we refer to the national methodology, it amounted to 5.68%, in while in 2022 it was 5.76%.…

The execution of the general consolidated budget for 2023 ended with a deficit of 89.90 billion lei, respectively 5.68% of GDP, down from 5.76% as represented by the negative balance of 2022, according to the data displayed by the Ministry…

After praising Romania's efforts for economic growth in 2023 and fiscal attempts to reduce the budget deficit, the International Monetary Fund (IMF) states in a report on this year's conclusions about our country that the efforts so…

Romania has reported a budget deficit of almost 4% (3.97% of GDP), equivalent to 62.8 billion lei. The 2023 budget is based on a 4.4% deficit, and it is evident that this target will not be achieved. According to the Ministry of…

Fiscal risks are significant and further measures are needed to bring the budget deficit to the 3% target by 2024. According to OTP Bank analysts, the local economy is experiencing weaker growth than previously anticipated. This slowdown…

The Government's package of fiscal measures is intended to reduce the budget deficit, however, many other programs are needed to increase efficiency and revenues, in general, the head of the International Monetary Fund (IMF) mission for…