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133 new news items in the last 24 hours
  1. Home
  2. Economy

Romania is taking tough fiscal measures to consolidate its public finances, with painful immediate effects, but long-term benefits.

Sanziana Georgescu
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17 July 2025, 06:25
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Economy
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In the context of deteriorating public finances, Romania is taking ambitious fiscal measures, the most significant since the Great Financial Crisis. While the short-term impact will include high inflation and low economic growth, ING Bank Romania's analysis suggests that, if implemented correctly, these measures could bring medium- and long-term benefits, including avoiding a junk rating.

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ULTIMA ORĂ „Cum să reduci cel mai mare deficit din UE”. ING vede un impact dureros al măsurilor fiscale, cu o creștere PIB apropiată de zero și inflație. Execuția corectă ar putea aduce și efecte pozitive
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ULTIMA ORĂ „Cum să reduci cel mai mare deficit din UE”. ING vede un impact dureros al măsurilor fiscale, cu o creștere PIB apropiată de zero și inflație. Execuția corectă ar putea aduce și efecte pozitive

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Eugen Rădulescu, BNR advisor, warns about fiscal imbalances and political instability. "We are on a knife's edge!"
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Rareș Bogdan comments on the effects of austerity measures: "It is clear that increasing taxes only brings short-term added value, after which the economy contracts."
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The honorary advisor of the interim prime minister Ilie Bolojan: Romania continues to risk being downgraded to the "junk" category.
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ing bank analysis austerity measures tax measures junk

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