Romania posts budget surplus in January as spending is restrained by lack of budget law
The general government budget execution data for January, not yet published officially but consulted by Ziarul Financiar, show a surplus of RON 845 million (over EUR 160 million, or 0.04% of GDP). The revenues of RON 55.1 billion were…
iulian ernst · Journalist
· Updated · 2 min read
The general government budget execution data for January, not yet published officially but consulted by Ziarul Financiar, show a surplus of RON 845 million (over EUR 160 million, or 0.04% of GDP). The revenues of RON 55.1 billion were higher than the RON 54.3 billion expenses.
"This is the first January budget execution with a surplus in the last seven years, the previous one being in 2019," finance minister Alexandru Nazare said in a Bloomberg interview cited by Cursdeguvernare.ro, adding that the improvement in the budget balance "sends a clear signal of fiscal discipline."
