Romanian FinMin announces first review under EDP at November 13 EcoFin

The discussions on the 2026 public budget will begin towards the end of November, after the November 13 session of the Economic and Financial Affairs Council (EcoFin) that will include "a first review under the Excessive Deficit Procedure (EDP)" for Romania and the endorsement of the revised PNRR, finance minister Alexandru Nazare announced, according to Financialintelligence.ro.

Romania submitted its first report under the EDP, which was due on April 15, as of October 15. In June, EcoFin found that Romania failed to provide the necessary report, and it drafted a revised consolidation trajectory for the seven-year consolidation plan - in response to the higher-than-expected 2024 deficit and further slippage in the first half of 2025.