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Romania’s public deficit reportedly up 22% y/y to 2.3% of GDP in Q1
Romania’s general government budget deficit reportedly rose by 22% y/y to RON 44 billion (EUR 0.9 billion), accounting for 2.3% of GDP in Q1 (2.05% in Q1 2024), according to Profit.ro quoting sources within the Finance Ministry.
iulian ernst · Journalist
· Updated · 2 min read
Romania’s general government budget deficit reportedly rose by 22% y/y to RON 44 billion (EUR 0.9 billion), accounting for 2.3% of GDP in Q1 (2.05% in Q1 2024), according to Profit.ro quoting sources within the Finance Ministry.
The figure would mark a significant deterioration, forcing the government to announce a new fiscal corrective package, including tax hikes, in order to avoid the imminent sovereign rating downgrade announced by the major rating agencies.
