[Opinion] Fiscal Council: Deficit Target of 6.25% of GDP Can Be Achieved, Subject to Risks - European Funds, Main Vulnerability
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The Fiscal Council considers that Romania has a chance to end 2026 with a budget deficit of 6.25% of GDP, but warns that the target is exposed to significant risks, in particular because of delays in absorption of European funds. The institution led by Daniel Dăianu draws attention to the fact that the amounts of the PNRR that will not be validated by the Commission ... The post Fiscal Council: The deficit target can be missed because of Europea…
"There are premises that this year's cash budget deficit will reach the target of 6.25% of GDP, subject to risks," says the Fiscal Council (FC), in the opinion of the draft of the first correction of the consolidated general budget in 2026. "A major source of risk for this year's budget deficit is the absorption of the European funds provided for in [...] Article Fiscal Council: The deficit target of 6.25% of GDP can be achieved, subject to risk…
The cash budget deficit could reach the target of 6.25% of Gross Domestic Product (GDP) this year, but the absorption of European funds and the repayment of the amounts provided for in the budget represent the main risks for budget execution, according to the Tax Council (FC) opinion on the draft of the first correction of the consolidated general budget for 2026. . .The correction of this year's budget [...] Article Fiscal Council: There are pr…
The largest source of risk for the 2026 budget is the collection of the amounts foreseen in the budget projection
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