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20 June 12:45

The EU Council of Ministers has set a deadline of October 15, 2025 for Romania to correct the excessive deficit and to report progress every six months.

Călin Nicolescu

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Current Affairs

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The Council of EU finance ministers has issued recommendations for Romania, calling for effective measures to correct the excessive deficit by October 15, 2025. Romania must curb net expenditure growth and put an end to the deficit by 2030. Progress must be reported every six months, both in spring and autumn, with details on the implementation of these measures. The official announcement will be made later.

Sources

Financial Intelligence

ECOFIN a acordat României o păsuire, până la 15 octombrie, privind prezentarea planului de reducere a deficitului (surse Digi)

ȘTIRI PE ACELEAȘI SUBIECTE

Economy

Prime Minister Ilie Bolojan announced a deficit of almost 30 billion euros for 2025, equivalent to 25% of Romania's annual revenues.

Economy

Romania's budget deficit reached 5.39% of GDP, amounting to 102.47 billion lei, in the first nine months of 2025.

Economy

The budget deficit of Romania increased to 103 billion lei in 2025, despite the fiscal measures of the Bolojan Government, raising economic concerns.

Economy

The government deficit in the EU has risen to 2.9% of GDP, with Romania having the largest deficit at 8.7%, although this has decreased from 10.3% of GDP in the last three months of 2024. Public debt in the euro area has increased to 88.2%.

Economy

Prime Minister Bolojan discussed the economic measures and the deficit target of 8.4% for this year, emphasizing the importance of the months of November and December.

Economy

Valdis Dombrovskis, European Commissioner for Economy, emphasized the need to correct the fiscal deviations in Romania, considering the large budget deficit.

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