Fitch affirms Romania's fragile rating, expects 7.4% of GDP deficit this year and 6.3% in 2026
Romania's general government budget deficit (ESA terms) would reach 7.4% of GDP this week and 6.3% in 2026, even with only the first fiscal consolidation package legislated in July, international rating agency Fitch commented on August 15…
iulian ernst · Journalist
· Updated · 2 min read
Romania's general government budget deficit (ESA terms) would reach 7.4% of GDP this week and 6.3% in 2026, even with only the first fiscal consolidation package legislated in July, international rating agency Fitch commented on August 15 when it affirmed Romania's fragile BBB-/negative sovereign outlook on an overly optimistic note.
The government is preparing further fiscal consolidation measures on the revenue and expenditure sides, in close cooperation with the European Commission, but "as these are not yet finalised we have not included them in our fiscal projections," the rating agency's comment reads.
