European Commission expected to allow Romania more time to submit fiscal correction plan
The European Commission is expected to grant Romania additional time to present and implement a fiscal corrective package before considering punitive measures such as suspending disbursements under the EU’s Resilience Facility and cohesion…
iulian ernst · Journalist
· Updated · 2 min read
The European Commission is expected to grant Romania additional time to present and implement a fiscal corrective package before considering punitive measures such as suspending disbursements under the EU’s Resilience Facility and cohesion policy funds, Bloomberg reported on June 2, citing sources familiar with the matter.
Romania is under pressure to reduce its fiscal deficit, which reached 9.3% of GDP in 2024 on an ESA basis - making it the largest budget gap among EU member states.
