Romania expects fiscal package to avert EU sanctions and credit rating downgrade
Romanian authorities believe the recently approved fiscal corrective package, with an estimated impact of 0.56% of GDP, will be sufficient to reassure the European Commission and international credit rating agencies of the country's…
iulian ernst · Journalist
· Updated · 2 min read
Romanian authorities believe the recently approved fiscal corrective package, with an estimated impact of 0.56% of GDP, will be sufficient to reassure the European Commission and international credit rating agencies of the country's commitment to fiscal discipline, B1TV.ro reported.
The package, adopted by the government on July 4, is designed to begin correcting Romania's public deficit, which reached 9.3% of GDP in 2024. Officials hope the measures will help avoid further steps under the European Union's Excessive Deficit Procedure, including the possible suspension of EU funding.
