Alexandru Nazare warns about interest costs ahead of the S&P report, scheduled for October 2

Interim Finance Minister Alexandru Nazare announced on Thursday that the Standard & Poor’s agency will publish its country report on Romania on October 2. The official described the assessment as an examination just as important as the other analyses of Romania’s financial situation.

Nazare drew attention to the accelerated increase in interest expenses. According to the minister, they rose by more than 26% through July and exceeded 40 billion lei.

The official warned that keeping the budget deficit under control is essential to limiting pressure on public finances. Without measures to reduce the deficit, interest expenses are expected to rise even further in the coming years.

Standard & Poor’s report on October 2 will represent a new assessment of Romania’s economic and budgetary situation, at a time when the deficit level and financing costs remain the main challenges for the authorities.

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