Fitch Ratings emphasizes that Romania is facing challenges in reducing the budget deficit, maintaining a 'BBB minus' rating with a negative outlook.
Liviu Brăteanu
Economy
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Fitch Ratings has revised Romania's budget deficit estimates, forecasting a decrease to 8.5% of GDP in 2023, but with slow reduction prospects in the coming years. Despite fiscal measures, the agency highlights the difficulties in implementing consolidation measures due to reform fatigue and economic uncertainties. The total fiscal deficit will decrease by only 0.3 percentage points in 2024, underscoring the pressures on social spending and the high costs of borrowing. Stabilizing public debt remains essential for improving the rating outlook.
Sources
Avertisment Fitch privind măsurile fiscale: Estimări negative pentru reducerea deficitului bugetar și ratingul de țară
Fitch crede că deficitul bugetar al României se va reduce până la 8,5% din PIB în 2025
Fitch avertizează că măsurile fiscale ar putea întâmpina şi dificultăţi în procesul de implementare
Fitch şi-a revizuit estimările. Deficitul României se va reduce până la 8,5% din PIB în 2025
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