The execution of the general consolidated budget in the first seven months of 2026 ended with a deficit of 48.08 billion lei, 28.36 billion lei lower than the deficit worth 76.44 billion lei recorded in the same period of 2025, representing a nominal reduction of 37%, according to data the Finance Ministry (MF) released on Monday.As a share of GDP, the deficit fell from 3.99% to 2.34%, an improvement of 1.65 percentage points. The development confirms the continuation of the fiscal and budget consolidation process, supported by higher revenues and a moderate pace of public spending.The structure of this adjustment is also important. Budget revenues increased 11.2%, while total expenditure rose just 2.9%. At the same time, investment continued to grow. Thus, the reduction in the deficit was not achieved by halting investment but through better control of current expenditure and higher revenues, the Finance Ministry said."The seven-month data show that we are consistently maintaining the downward trend in the budget deficit and stabilising public finance. The 1.65 percentage point reduction in the deficit is evidence of balanced management, combining fiscal responsibility with direct support for the economy. We have continued VAT refunds without interruption, returning more than 20.4 billion lei to companies to provide them with the liquidity they need, and have prioritised the allocation of resources to the main pillars of development, where investment from European funds and the National Recovery and Resilience Plan (PNRR) has registered an over 60% advance. As we consolidate this healthier foundation for public finance, the next step is to turn stabilisation into healthy and sustainable economic growth," interim Finance Minister Alexandru Nazare said.
Meeting between Prime Minister Ilie Bolojan and European Commissioner for Equality, Preparedness and Crisis Management, Hadja Lahbib Prime Minister Ilie Bolojan received today, at Victoria Palace, the European Commissioner for Equality, Preparedness and Crisis Management Hadja Lahbib. The discussions focused on cooperation between Romania and the European Commission in the...
The third edition of the international polo tournament will take place from 25 to 27 September at Singureni Manor Equestrian Retreat American actress and producer Kat Graham, Lady Amelia Spencer Mallett, Lady Eliza Spencer and model and digital creator Dina Sae, are among the international guests attending the third edition...
Cooperation between the Romanian Armed Force and the US National Guard, enhanced through new joint training projects On Tuesday, September 8th, the Chief of the Romanian Defence Staff, General Gheorghiță Vlad, met, at the Ministry of National Defence headquarters, with General Thomas M. Carden, the Deputy Chief of the National......
Innovative Medicines and Treatments Reduce Healthcare Costs in the Long Term The healthcare system represents critical infrastructure, where access to medicines and innovative treatments brings long-term benefits. Any investment in healthcare is an investment in human capital, as employees who come to work every day need to be healthy enough...
Pop culture fans can celebrate at a dedicated event, music takes over the city’s Floreasca district, and a 5.5 km table set in downtown Bucharest aims to raise funds for the country’s first pediatric psychiatry hospital. In Bucharest: East European Comic Con 2026 September 11 – September 13 The event celebrates pop and brings together […]
Wolf Theiss has advised DTEK Renewables International B.V. (DRI), a leading investor and operator in the renewable energy sector across Romania and the EU, on the refinancing of a EUR 50.6 million senior construction bridge facility for a 60 MW wind farm located in Ruginoasa, Iaşi County, Romania. Kommunalkredit Austria...
