Romania affirms 7%-of-GDP public deficit target this year and the 7-year fiscal consolidation plan
In a comment to the Eurostat releasing Romania's public deficit under the ESA methodology at 9.3% of GDP, the Ministry of Finance affirmed its commitment to stick with the 7%-of-GDP deficit target for this year and with the 7-year fiscal…
iulian ernst · Journalist
· Updated · 2 min read
In a comment to the Eurostat releasing Romania's public deficit under the ESA methodology at 9.3% of GDP, the Ministry of Finance affirmed its commitment to stick with the 7%-of-GDP deficit target for this year and with the 7-year fiscal consolidation plan agreed with the European Commission under the Excessive deficit procedure.
"Romania reaffirms its commitment to meet the deficit of 7% of GDP in 2025 [under both cash and ESA methodologies] and, at the same time, to continue the fiscal consolidation trajectory in the coming years, as provided for in the Medium-Term National Budgetary - Structural Plan agreed with the European Commission," the ministry's statement reads.
