Romania defers 2025 budget revision on "multiple requests and financing needs"

The budget rectification project is to be adopted by the end of this week, given the multiple requests and financing needs addressed to the Ministry of Finance in the context of deficit pressures, minister Alexandru Nazare announced, according to Economica.net. The budget revision draft was initially announced for the evening of September 25 and rescheduled for September 29.

The revised deficit was announced at 8.4% of GDP (up from 7%), based on assumptions of 0.6% GDP growth – a quarter of the initial 2.5% projection used for the construction of the budget planning in January. The European Commission has reportedly agreed on the wider deficit this year.