Romania reportedly defers delivery of fiscal consolidation plan until after elections
Despite the opposite statement of government officials, the authorities in Bucharest seek to defer the delivery of the fiscal consolidation plan, expected by the European Commission in principle by September 20, until after elections in…
iulian ernst · Journalist
· Updated · 2 min read
Despite the opposite statement of government officials, the authorities in Bucharest seek to defer the delivery of the fiscal consolidation plan, expected by the European Commission in principle by September 20, until after elections in January 2025, according to Ziarul Financiar quoting sources familiar with the negotiations.
Romania's government recently revised 2024 budget planning to be consistent with a 6.9%-of-GDP cash deficit. The Fiscal Council expects the gap to be around 8%-of-GDP, however – more than 2 percentage points more compared to the gap in 2023.
