Romania’s Fiscal Council trusts fiscal corrective package can avert sovereign downgrade

The budgetary corrective package 2025-2026 could avert a sovereign rating downgrade, the Romanian Fiscal Council concludes in its opinion on the fiscal package approved by the government on July 3.

There was no alternative to the fiscal package, and the urgency has not allowed better optimisation of measures, the Council explains in a strong backing to the government’s move. There are the reckless actions of the previous governments that made the tough fiscal adjustment unavoidable, the Council says.