The Ministry of Finance announces a reduction in the budget deficit to 2.89% of GDP in the first eight months of 2026

The general consolidated budget deficit fell to 59.42 billion lei in the first eight months of 2026, from 86.36 billion lei in the same period of 2025, according to data from the Ministry of Finance. The nominal reduction was approximately 31%, while as a share of GDP, the deficit declined from 4.51% to 2.89%.

Total revenues reached 468.10 billion lei, up 11.4%, while expenditures increased by 4.2%, to 527.53 billion lei. VAT receipts rose by 25.2%, while tax revenues increased by 14.3%. Amounts received from the European Union and other donors were 37.7% higher than in the first eight months of 2025.

Personnel expenses fell by 4.26 billion lei, while interest payments increased by 26.7%, reaching 42.05 billion lei. Investments amounted to 97.05 billion lei, 25.1 billion lei above last year’s level, supported mainly by European funds and the National Recovery and Resilience Plan (PNRR). Finance Minister Alexandru Nazare said the adjustment confirms the fiscal consolidation process, but warned that budgetary pressures require prudence and discipline in spending public funds.