Romania’s new Cabinet must address a record wide budget deficit
Romanian President Nicuşor Dan met with trade union representatives on Monday to exchange ideas on potential solutions to reduce the budget deficit of 9% of GDP.
Romania's government debt is estimated at almost 200 billion euros.
National budget deficits in the EU narrowed to 3.2%, but Romania reported a negative 9.3% at the end of 2024
The 2025 draft budget will be built on a 7% deficit, without additional tax increases, says Finance Minister Tánczos Barna. Romania...
