Romania’s budget deficit widens by 9.6% y/y to 3.7% of GDP
The government posted a deficit of RON 69.8 billion (EUR 13.8 billion) in the first half (H1) of 2025, 9.6% or RON 6.1 billion more compared to the same period last year, according to data published by the Ministry of Finance. In the…
iulian ernst · Journalist
· Updated · 3 min read
The government posted a deficit of RON 69.8 billion (EUR 13.8 billion) in the first half (H1) of 2025, 9.6% or RON 6.1 billion more compared to the same period last year, according to data published by the Ministry of Finance. In the second quarter (Q2) alone, however, the deficit narrowed by 5.9% y/y to RON 26.1 billion.
Based on the official GDP forecast for this year, the deficit-to-GDP ratio reached 3.68% at the end of June, compared to 3.62% in the same period of 2024. The balance’s deterioration in Q1, when it reached 2.3%, was not fully offset by the slightly better performance in Q2.
