Romania's public deficit widens by 40% y/y to 0.6% of GDP in January
Romania's general government budget deficit increased by nearly 40% y/y to over RON 11 billion (EUR 2.2 billion) in January 2025, according to data published by the Ministry of Finance. The gap in the first month of 2025 thus measures…
iulian ernst · Journalist
· Updated · 2 min read
Romania's general government budget deficit increased by nearly 40% y/y to over RON 11 billion (EUR 2.2 billion) in January 2025, according to data published by the Ministry of Finance. The gap in the first month of 2025 thus measures 0.58% of the GDP projected for the full year, up from 0.45% in January 2024.
Revenues contracted 1.4% y/y to RON 46.75 billion, mainly dragged down by lower transfers from the EU budget. The fiscal revenues increased by 2.5% – a modest performance dragged down by the 12% y/y lower (net) VAT collected and 20% y/y lower excise duties collected – to RON 24.12 billion.
