{"id":1064524,"date":"2026-09-28T14:00:34","date_gmt":"2026-09-28T11:00:34","guid":{"rendered":"https:\/\/www.rri.ro\/?p=1064524"},"modified":"2026-09-28T12:23:42","modified_gmt":"2026-09-28T09:23:42","slug":"the-budget-deficit-is-shrinking","status":"publish","type":"post","link":"https:\/\/www.rri.ro\/en\/news-and-current-affairs\/today-in-the-news\/the-budget-deficit-is-shrinking-id1064524.html","title":{"rendered":"The budget deficit is shrinking"},"content":{"rendered":"<p style=\"text-align: justify; margin: 6.0pt 0cm 6.0pt 0cm;\" data-path-to-node=\"5\"><span style=\"font-size: 11.0pt; font-family: 'Arial','sans-serif';\">In Romania, the execution of the consolidated general budget in the first eight months of the year ended with a deficit of approximately \u20ac11.3 billion, which is about \u20ac5.1 billion lower than the figure recorded in the same period of 2025, the Ministry of Finance announced. In nominal terms, the budget deficit was reduced by over 30%, reaching a share of gross domestic product of 2.89%, down from 4.51% in 2025.<\/span><\/p>\n<p style=\"text-align: justify; margin: 6.0pt 0cm 6.0pt 0cm;\"><span style=\"font-size: 11.0pt; font-family: 'Arial','sans-serif';\">During the period under scrutiny, revenues of the consolidated general budget grew by over 11%, while total state expenditure increased by just slightly over 4%.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify; margin: 6.0pt 0cm 6.0pt 0cm;\" data-path-to-node=\"8\"><span style=\"font-size: 11.0pt; font-family: 'Arial','sans-serif';\">The Ministry of Finance specifies that a major contribution came from VAT collections, which totalized 103.35 billion lei, approximately 25.2% above the level recorded between January and August 2025.<\/span><\/p>\n<p style=\"text-align: justify; margin: 6.0pt 0cm 6.0pt 0cm;\" data-path-to-node=\"9\"><span style=\"font-size: 11.0pt; font-family: 'Arial','sans-serif';\">Receipts from income and salary taxes grew by 8.1%, while corporate tax revenues also posted a gain of 9.1%. At the same time, social insurance contributions went up as well, by 7.1%. The same happened with property taxes and fees, which registered an increase of over 30% compared to the same period in 2025.<\/span><\/p>\n<p style=\"text-align: justify; margin: 6.0pt 0cm 6.0pt 0cm;\"><span style=\"font-size: 11.0pt; font-family: 'Arial','sans-serif';\">Interim Minister of Finance Alexandru Nazare believes that the data confirm that the measures adopted by the government are producing beneficial effects, specifying that funding from European funds and through the National Recovery and Resilience Plan continues to support the economy and Romania\u2019s development projects.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify; margin: 6.0pt 0cm 6.0pt 0cm;\" data-path-to-node=\"13\"><span style=\"font-size: 11.0pt; font-family: 'Arial','sans-serif';\">Minister Nazare warned, however, that in the upcoming period every decision to spend public money must be weighed responsibly in the context of high pressures on the budget, but also of external factors that can influence the evolution of the Romanian economy. He also recalled that the budget deficit target for the whole of 2026 is 7.2% of GDP.<\/span><\/p>\n<p style=\"text-align: justify; margin: 6.0pt 0cm 6.0pt 0cm;\"><span style=\"font-size: 11.0pt; font-family: 'Arial','sans-serif';\">The figures regarding the budget deficit come in a context in which Romania is set to undergo, this week, a new sovereign rating test. On October 2, the financial rating agency Standard &amp; Poor&#8217;s is expected to publish its country report. The institution&#8217;s mission is already in Bucharest and is holding talks with Romanian officials.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify; margin: 6.0pt 0cm 6.0pt 0cm;\"><span style=\"font-size: 11.0pt; font-family: 'Arial','sans-serif';\">Liberal Interim Prime Minister Ilie Bolojan says public finances are on a balancing trajectory, while Alexandru Nazare points to the budget execution and the continuation of fiscal consolidation as Romania\u2019s main arguments.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify; margin: 6.0pt 0cm 6.0pt 0cm;\" data-path-to-node=\"19\"><span style=\"font-size: 11.0pt; font-family: 'Arial','sans-serif';\">The stake is preserving the rating in the investment-grade category, on which financing costs and investor confidence depend. A potential downgrade could have major effects on the Romanian economy. Among these are the withdrawal of a portion of institutional investors, reduced foreign direct investment, additional pressure on the exchange rate, and higher borrowing costs for both the state and private companies.<\/span><\/p>\n<p style=\"text-align: justify; margin: 6.0pt 0cm 6.0pt 0cm;\"><span style=\"font-size: 11.0pt; font-family: 'Arial','sans-serif';\">This summer, the financial rating agencies Fitch and Moody&#8217;s maintained Romania\u2019s rating in the investment-grade category. (VP)<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In Romania, the execution of the consolidated general budget in the first eight months of the year ended with a deficit of approximately \u20ac11.3 billion, which is about \u20ac5.1 billion lower than the figure recorded in the same period of 2025, the Ministry of Finance announced. In nominal terms, the budget deficit was reduced by [&hellip;]<\/p>\n","protected":false},"author":106,"featured_media":1001450,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[37738],"tags":[30079,30658,167410,36094],"coauthors":[113311],"class_list":["post-1064524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-today-in-the-news","tag-budget-deficit","tag-country-rating","tag-fiscal-consolidation","tag-national-recovery-and-resilience-plan"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The budget deficit is shrinking - Radio Romania International<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rri.ro\/en\/news-and-current-affairs\/today-in-the-news\/the-budget-deficit-is-shrinking-id1064524.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The budget deficit is shrinking - Radio Romania International\" \/>\n<meta property=\"og:description\" content=\"In Romania, the execution of the consolidated general budget in the first eight months of the year ended with a deficit of approximately \u20ac11.3 billion, which is about \u20ac5.1 billion lower than the figure recorded in the same period of 2025, the Ministry of Finance announced. In nominal terms, the budget deficit was reduced by [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rri.ro\/en\/news-and-current-affairs\/today-in-the-news\/the-budget-deficit-is-shrinking-id1064524.html\" \/>\n<meta property=\"og:site_name\" content=\"Radio Romania International\" \/>\n<meta property=\"article:published_time\" content=\"2026-09-28T11:00:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.rri.ro\/wp-content\/uploads\/2026\/04\/grafic-economie-in-scadere-foto-pixabay.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"719\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mihai Pelin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mihai Pelin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.rri.ro\\\/en\\\/news-and-current-affairs\\\/today-in-the-news\\\/the-budget-deficit-is-shrinking-id1064524.html#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.rri.ro\\\/en\\\/news-and-current-affairs\\\/today-in-the-news\\\/the-budget-deficit-is-shrinking-id1064524.html\"},\"author\":{\"name\":\"Mihai Pelin\",\"@id\":\"https:\\\/\\\/www.rri.ro\\\/#\\\/schema\\\/person\\\/c6036c822534c855dc3aad41a484f05d\"},\"headline\":\"The budget deficit is shrinking\",\"datePublished\":\"2026-09-28T11:00:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.rri.ro\\\/en\\\/news-and-current-affairs\\\/today-in-the-news\\\/the-budget-deficit-is-shrinking-id1064524.html\"},\"wordCount\":443,\"image\":{\"@id\":\"https:\\\/\\\/www.rri.ro\\\/en\\\/news-and-current-affairs\\\/today-in-the-news\\\/the-budget-deficit-is-shrinking-id1064524.html#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.rri.ro\\\/wp-content\\\/uploads\\\/2026\\\/04\\\/grafic-economie-in-scadere-foto-pixabay.jpg\",\"keywords\":[\"budget deficit\",\"country rating\",\"fiscal consolidation\",\"National Recovery and Resilience Plan\"],\"articleSection\":[\"Today in the News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.rri.ro\\\/en\\\/news-and-current-affairs\\\/today-in-the-news\\\/the-budget-deficit-is-shrinking-id1064524.html\",\"url\":\"https:\\\/\\\/www.rri.ro\\\/en\\\/news-and-current-affairs\\\/today-in-the-news\\\/the-budget-deficit-is-shrinking-id1064524.html\",\"name\":\"The budget deficit is shrinking - Radio Romania International\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.rri.ro\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.rri.ro\\\/en\\\/news-and-current-affairs\\\/today-in-the-news\\\/the-budget-deficit-is-shrinking-id1064524.html#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.rri.ro\\\/en\\\/news-and-current-affairs\\\/today-in-the-news\\\/the-budget-deficit-is-shrinking-id1064524.html#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.rri.ro\\\/wp-content\\\/uploads\\\/2026\\\/04\\\/grafic-economie-in-scadere-foto-pixabay.jpg\",\"datePublished\":\"2026-09-28T11:00:34+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.rri.ro\\\/#\\\/schema\\\/person\\\/c6036c822534c855dc3aad41a484f05d\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.rri.ro\\\/en\\\/news-and-current-affairs\\\/today-in-the-news\\\/the-budget-deficit-is-shrinking-id1064524.html#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.rri.ro\\\/en\\\/news-and-current-affairs\\\/today-in-the-news\\\/the-budget-deficit-is-shrinking-id1064524.html\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.rri.ro\\\/en\\\/news-and-current-affairs\\\/today-in-the-news\\\/the-budget-deficit-is-shrinking-id1064524.html#primaryimage\",\"url\":\"https:\\\/\\\/www.rri.ro\\\/wp-content\\\/uploads\\\/2026\\\/04\\\/grafic-economie-in-scadere-foto-pixabay.jpg\",\"contentUrl\":\"https:\\\/\\\/www.rri.ro\\\/wp-content\\\/uploads\\\/2026\\\/04\\\/grafic-economie-in-scadere-foto-pixabay.jpg\",\"width\":1280,\"height\":719,\"caption\":\"photo: pixabay.com@geralt\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.rri.ro\\\/en\\\/news-and-current-affairs\\\/today-in-the-news\\\/the-budget-deficit-is-shrinking-id1064524.html#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\\\/\\\/www.rri.ro\\\/en\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Actualitate\",\"item\":\"https:\\\/\\\/www.rri.ro\\\/actualitate\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Today in the News\",\"item\":\"https:\\\/\\\/www.rri.ro\\\/en\\\/news-and-current-affairs\\\/today-in-the-news\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"The budget deficit is shrinking\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.rri.ro\\\/#website\",\"url\":\"https:\\\/\\\/www.rri.ro\\\/\",\"name\":\"Radio Romania International\",\"description\":\"Totul despre Rom\u00e2nia \u015fi rom\u00e2ni, \u00een 13 limbi\\\/dialecte!\",\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.rri.ro\\\/#\\\/schema\\\/person\\\/c6036c822534c855dc3aad41a484f05d\",\"name\":\"Mihai Pelin\",\"url\":\"https:\\\/\\\/www.rri.ro\\\/en\\\/author\\\/mihai-pelin\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The budget deficit is shrinking - Radio Romania International","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.rri.ro\/en\/news-and-current-affairs\/today-in-the-news\/the-budget-deficit-is-shrinking-id1064524.html","og_locale":"en_US","og_type":"article","og_title":"The budget deficit is shrinking - Radio Romania International","og_description":"In Romania, the execution of the consolidated general budget in the first eight months of the year ended with a deficit of approximately \u20ac11.3 billion, which is about \u20ac5.1 billion lower than the figure recorded in the same period of 2025, the Ministry of Finance announced. In nominal terms, the budget deficit was reduced by [&hellip;]","og_url":"https:\/\/www.rri.ro\/en\/news-and-current-affairs\/today-in-the-news\/the-budget-deficit-is-shrinking-id1064524.html","og_site_name":"Radio Romania International","article_published_time":"2026-09-28T11:00:34+00:00","og_image":[{"width":1280,"height":719,"url":"https:\/\/www.rri.ro\/wp-content\/uploads\/2026\/04\/grafic-economie-in-scadere-foto-pixabay.jpg","type":"image\/jpeg"}],"author":"Mihai Pelin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Mihai Pelin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.rri.ro\/en\/news-and-current-affairs\/today-in-the-news\/the-budget-deficit-is-shrinking-id1064524.html#article","isPartOf":{"@id":"https:\/\/www.rri.ro\/en\/news-and-current-affairs\/today-in-the-news\/the-budget-deficit-is-shrinking-id1064524.html"},"author":{"name":"Mihai Pelin","@id":"https:\/\/www.rri.ro\/#\/schema\/person\/c6036c822534c855dc3aad41a484f05d"},"headline":"The budget deficit is shrinking","datePublished":"2026-09-28T11:00:34+00:00","mainEntityOfPage":{"@id":"https:\/\/www.rri.ro\/en\/news-and-current-affairs\/today-in-the-news\/the-budget-deficit-is-shrinking-id1064524.html"},"wordCount":443,"image":{"@id":"https:\/\/www.rri.ro\/en\/news-and-current-affairs\/today-in-the-news\/the-budget-deficit-is-shrinking-id1064524.html#primaryimage"},"thumbnailUrl":"https:\/\/www.rri.ro\/wp-content\/uploads\/2026\/04\/grafic-economie-in-scadere-foto-pixabay.jpg","keywords":["budget deficit","country rating","fiscal consolidation","National Recovery and Resilience Plan"],"articleSection":["Today in the News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.rri.ro\/en\/news-and-current-affairs\/today-in-the-news\/the-budget-deficit-is-shrinking-id1064524.html","url":"https:\/\/www.rri.ro\/en\/news-and-current-affairs\/today-in-the-news\/the-budget-deficit-is-shrinking-id1064524.html","name":"The budget deficit is shrinking - Radio Romania International","isPartOf":{"@id":"https:\/\/www.rri.ro\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.rri.ro\/en\/news-and-current-affairs\/today-in-the-news\/the-budget-deficit-is-shrinking-id1064524.html#primaryimage"},"image":{"@id":"https:\/\/www.rri.ro\/en\/news-and-current-affairs\/today-in-the-news\/the-budget-deficit-is-shrinking-id1064524.html#primaryimage"},"thumbnailUrl":"https:\/\/www.rri.ro\/wp-content\/uploads\/2026\/04\/grafic-economie-in-scadere-foto-pixabay.jpg","datePublished":"2026-09-28T11:00:34+00:00","author":{"@id":"https:\/\/www.rri.ro\/#\/schema\/person\/c6036c822534c855dc3aad41a484f05d"},"breadcrumb":{"@id":"https:\/\/www.rri.ro\/en\/news-and-current-affairs\/today-in-the-news\/the-budget-deficit-is-shrinking-id1064524.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.rri.ro\/en\/news-and-current-affairs\/today-in-the-news\/the-budget-deficit-is-shrinking-id1064524.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.rri.ro\/en\/news-and-current-affairs\/today-in-the-news\/the-budget-deficit-is-shrinking-id1064524.html#primaryimage","url":"https:\/\/www.rri.ro\/wp-content\/uploads\/2026\/04\/grafic-economie-in-scadere-foto-pixabay.jpg","contentUrl":"https:\/\/www.rri.ro\/wp-content\/uploads\/2026\/04\/grafic-economie-in-scadere-foto-pixabay.jpg","width":1280,"height":719,"caption":"photo: pixabay.com@geralt"},{"@type":"BreadcrumbList","@id":"https:\/\/www.rri.ro\/en\/news-and-current-affairs\/today-in-the-news\/the-budget-deficit-is-shrinking-id1064524.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Homepage","item":"https:\/\/www.rri.ro\/en"},{"@type":"ListItem","position":2,"name":"Actualitate","item":"https:\/\/www.rri.ro\/actualitate"},{"@type":"ListItem","position":3,"name":"Today in the News","item":"https:\/\/www.rri.ro\/en\/news-and-current-affairs\/today-in-the-news"},{"@type":"ListItem","position":4,"name":"The budget deficit is shrinking"}]},{"@type":"WebSite","@id":"https:\/\/www.rri.ro\/#website","url":"https:\/\/www.rri.ro\/","name":"Radio Romania International","description":"Totul despre Rom\u00e2nia \u015fi rom\u00e2ni, \u00een 13 limbi\/dialecte!","inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.rri.ro\/#\/schema\/person\/c6036c822534c855dc3aad41a484f05d","name":"Mihai Pelin","url":"https:\/\/www.rri.ro\/en\/author\/mihai-pelin"}]}},"_links":{"self":[{"href":"https:\/\/www.rri.ro\/en\/wp-json\/wp\/v2\/posts\/1064524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rri.ro\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rri.ro\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rri.ro\/en\/wp-json\/wp\/v2\/users\/106"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rri.ro\/en\/wp-json\/wp\/v2\/comments?post=1064524"}],"version-history":[{"count":2,"href":"https:\/\/www.rri.ro\/en\/wp-json\/wp\/v2\/posts\/1064524\/revisions"}],"predecessor-version":[{"id":1064605,"href":"https:\/\/www.rri.ro\/en\/wp-json\/wp\/v2\/posts\/1064524\/revisions\/1064605"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rri.ro\/en\/wp-json\/wp\/v2\/media\/1001450"}],"wp:attachment":[{"href":"https:\/\/www.rri.ro\/en\/wp-json\/wp\/v2\/media?parent=1064524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rri.ro\/en\/wp-json\/wp\/v2\/categories?post=1064524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rri.ro\/en\/wp-json\/wp\/v2\/tags?post=1064524"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.rri.ro\/en\/wp-json\/wp\/v2\/coauthors?post=1064524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}