Romania’s budget deficit fell to 22 billion lei in the first quarter of 2026, equivalent to 1% of GDP, compared to approximately 44 billion lei and 2.3% of GDP in the same period last year, Finance Minister Alexandru Nazare announced on Thursday.
He emphasized that this trend reflects a significant adjustment in public finances and a reduction in budgetary imbalances.
“The state is spending more responsibly—we have narrowed the gap between revenue and expenditure. This means fewer loans and, consequently, less pressure on taxes in the future. We have strengthened the confidence of investors and foreign markets to generate new jobs in Romania, as well as economic development and stability,” the minister wrote in a Facebook post.
Nazare noted that these results follow measures adopted alongside Prime Minister Ilie Bolojan as part of a fiscal consolidation program.
“These developments are not coincidental. Together with Prime Minister Ilie Bolojan, we have i...

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