The Ministry of Finance Explains the 9.2% Deficit Reported by Eurostat for the Second Quarter of 2026.
12 Articles
12 Articles
Romania ended 2025 with a budget deficit of 7.8% of GDP, compared to 9.2% in 2024, which is one of the largest reductions recorded in the European Union, shows the Eurostat data published on 21 October. However, Romania continues to have the highest deficit in the EU, and the Ministry of Finance warned that the budgetary adjustment must continue. The institution also explained the difference between the deficit of 9.2% of GDP reported by Eurosta…
‘Each year in which late correction is paid in interest'
After the publication of Eurostat data, the Ministry of Finance maintains that the percentage of the second quarter should not be confused with the deficit for the whole year. The authorities invoke public investment and payments accelerated by the PNRR, while the differences between the European methodology and the cash calculation complicates the interpretation of figures.
The ESA budget deficit indicator of 9.2% of GDP for the second quarter of 2026, recently published by Eurostat, triggered a strong reaction from the Social Democratic Party (PSD), which sent yesterday an acid communication criticising the management of public finances by Bolojan. Friday, 23 October, the Ministry of Finance issued a communication explaining the reasons why Eurostat data shows an increase in seasonally adjusted data for spring.
The ESA fiscal deficit indicator of 9.2% of GDP for quarter II 2026, recently published by Eurostat, represents the seasonally adjusted quarterly deficit, compared to the seasonally adjusted GDP of that quarter, explains the Ministry of Finance, in a press release. The explanation came after confusion has arisen in the public space about fiscal consolidation in recent quarters. [...] Article The Ministry of Finance, explanations about the Eurost…
Romania ended 2025 with a budget deficit of 7.8% of GDP, down from 9.2% in 2024, according to Eurostat data. Although the fiscal adjustment is among the most important in the European Union, our country continues to have the largest deficit in the Community bloc.
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