JP Morgan analyst sees Romania outperforming its fiscal consolidation plan

Romania's public deficit will drop below 6% of GDP this year, and it will further restrain under 5% of GDP in 2027, depending on still to be confirmed expectations for improved revenue collection, according to JP Morgan managing director Nicolaie Alexandru-Chidesciuc, speaking at the CFA Forecast Dinner in Bucharest, according to Agerpres. The government has not yet drafted the budget plan for this year, but pledged a deficit of at most 6.2% of GDP – down from 7.65% of GDP in 2025 (cash terms).

Under the 7-year budget consolidation plan approved by the European Commission in January 2025, the country's fiscal deficit (ESA terms) should narrow to 6.4% of GDP this year and 5.7% of GDP in 2027.