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Romania plans to cut non-interest current expenditures by 4.1% of GDP in seven years
The government of Romania plans to cut the non-interest current expenditures to GDP ratio by 4.1 percentage points (pp) from 30.9% in 2024 to 26.8% in 2031, over the seven-year fiscal consolidation calendar submitted to the European…
iulian ernst · Journalist
· Updated · 2 min read
The government of Romania plans to cut the non-interest current expenditures to GDP ratio by 4.1 percentage points (pp) from 30.9% in 2024 to 26.8% in 2031, over the seven-year fiscal consolidation calendar submitted to the European Commission under the Excessive Deficit Procedure (EDP) published by Cursdeguvernare.ro.
This is a sizable slash envisaged for the public budget with an expected negative impact on the quality and availability of public services.
