Romania enters 2026 with better-balanced public finances, rising revenues, and a solid foundation for a responsible and sound budget next year, Finance Minister Alexandru Nazare stated.
"Budget execution for the first 11 months of 2025, published today [Monday, editor's note] by the Ministry of Finance, shows that the deficit fell by 0.74 percentage points compared to the same period last year, reaching 6.40% of GDP. Exactly what I highlighted before the official figures were released: the effectiveness of the measures taken this year is reflected in concrete results," Nazare wrote on his Facebook page, agerpres reports.
According to the minister, the deficit reduction means the state is spending more responsibly, borrowing less, and achieving greater financial stability. This translates into lower interest costs, increased investor confidence, and more funds available for development.
Nazare also noted rising budget revenues, which reached almost 592 billion RON, up 13% compared to 2024. "The acceleration in recent months is evident, both through better collection and thanks to more European funds being drawn into the economy," he commented.
Regarding expenditures, the minister said the growth rate has slowed compared to last year, and personnel expenses as a share of GDP are lower. Since summer, monthly personnel spending has even fallen below 2024 levels.
"At the same time, investments continue to grow, with over 108 billion RON allocated to development, infrastructure, and EU-funded projects, an increase of 16.41% compared to the same period last year. This is an important signal of stability and credibility at the end of the year. Romania enters 2026 with better-balanced public finances, rising revenues, and a solid base for a responsible and balanced budget next year," Nazare added.
The consolidated general budget execution ended with a nominal deficit of 121.77 billion RON, or 6.4% of GDP, after the first 11 months of the year, down 0.74 percentage points compared to the deficit recorded in the same period of 2024, which was 7.15% of GDP, the Ministry of Finance previously announced.
The target budget deficit for the entire year is 8.4% of GDP, or 159.8 billion RON.
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