Finance Minister Alexandru Nazare made his first statements after the meeting with representatives of the S&P rating agency

Finance Minister Alexandru Nazare says Romania must continue fiscal consolidation and maintain spending discipline to preserve its investment-grade rating. The statements were made in the context of the assessment that rating agency S&P will publish on October 2.

Nazare presented budget execution as the authorities’ main argument, saying that the adjustment begun last year is reflected not only in the reduction of the deficit but also in the structure of the budget. According to the minister, spending is being kept under control, investments financed through European funds are being protected, and resources are being directed toward projects with a high economic impact.

The minister also spoke about political uncertainties, external pressures and financing costs. He stressed that Romania needs continuity in reforms and in honoring its commitments, warning that recent progress must not be followed by a premature easing of fiscal policy.

Priorities for the coming period include a credible budget for 2027, limiting rigid spending, protecting European funds and structural measures to reduce the deficit. Romania is on the lowest rung of the investment-grade category, and a downgrade could increase financing costs and the risk of entering junk status.