The public administration sector's financial assets in Q1 2025 decreased by 1.1 percentage points to 25.7% of GDP, compared to the year-ago period, according to data published by the National Bank of Romania (BNR).According to the cited source, the trend was mainly generated by the decrease in the availability of cash and deposits, whose stock decreased (-9.1%) to 6.5% of GDP, in the political and economic context of the election period.Loans granted by public administrations increased (+2.4%) to 2.1% of GDP (down 0.1 percentage points compared to Q1 2024). Equity participations and shares/investment fund units remained at the same level of 9.8% of GDP. Other accounts receivable (taxes, social contributions, trade receivables, amounts owed by economic agents to public authorities, and external receivables) increased by 0.2 percentage points to 7.1% of GDP.Financial commitments of public administrations, expressed as a percentage of GDP, increased by 3.7 percentage points, reaching 60.4% at the end of Q1 2025."This development was mainly driven by the increase in debt securities (+2.8 percentage points during the period under review), to 41.2% of GDP, as a result of bond issues launched by the Ministry of Finance on the domestic and foreign markets to finance the budget deficit and refinance government debt," BNR points out.Committed government loans increased by 23.7% compared to Q1 2024, due to the issuance of non-negotiable retail government securities under the Tezaur program. In relative terms, the indicator increased by 1.2 percentage points to 8.8% of GDP.Other accounts payable reached 9.4% of GDP.The public administration sector's net financing requirement was 2% of GDP in Q1 2025, compared to 2.4% of GDP in Q1 2024. The central government recorded a net financing requirement of 2.3% of GDP (compared to 2.6% of GDP in Q1 2024). The local administrations' net financial requirement stood at 0.3% of GDP (0.2% of GDP in Q1 2024). Social security administrations recorded a net financing requirement of 0.04% in Q1 2025 (compared to 0.1% of GDP in Q1 2024).
The fourth edition of Run for Life, a charity sporting event dedicated to supporting mothers and children in need, will take place on September 27 in Dumbrava Vlăsiei, with routes set in the forests of Codrii Vlăsiei near Snagov. The event aims to raise funds for the construction of the Maternal Life Call Center, which […]
Bucharest will host five nights of free classical music performances this month as the sixth edition of the George Enescu Festival Square opens on September 17 in the heart of the Romanian capital. The event, organized by ARCUB, the Cultural Center of the Municipality of Bucharest, in partnership with ARTEXIM under the Ministry of Culture, […]
Bullying has overtaken financial concerns as the top worry for Romanian parents sending their children back to school, according to the “Back to School 2025” study released Friday, September 5, by independent research agency MKOR. The survey showed that 38% of parents cite bullying as their greatest fear, ahead of the weight of schoolbags (33%) […]
The Romanian government approved a decision on Thursday, September 4, to relocate 300 refugees to the country between 2026 and 2027, reaffirming its commitment to the European Union’s humanitarian and migration policies. According to the official statement, the refugees will include Sudanese, Eritrean, and South Sudanese nationals currently residing in Egypt and Kenya. The relocations […]
Romania's president Nicusor Dan, in an interview for Antena 1 TV station, said the stable government is his main achievement in the first 100 days in office, evaluated his performance at 7-8 out of ten, and described his relationship with prime minister Ilie Bolojan (a topic on the last days' agenda) as "correct" without denying […]
Romania's High Court (ICCJ) decided on September 4 to refer to the Constitutional Court the draft law regulating the magistrates' retirement and pensions, a bill that prime minister Ilie Bolojan sees as critical for his staying in office. The draft law is one of the five filed by the government to Parliament on September 1 […]
