Ministry of Finance

The National Institute of Statistics (NIS) significantly revised the data on the negative contribution of investments (gross fixed capital formation) to GDP growth in 2024, from -0.4% to -0.9%. Overall, economic growth was revised down by 0.1 percentage...

Romania’s budget deficit will amount to 8.6% of GDP in 2024 (cash methodology), according to a GEO draft published by the Ministry of Finance and adopted by the Government on Wednesday. The government raised the deficit target to...

The Ministry of Finance has made transparent the national budget structural plan for the medium term – 2025-2031, which stipulates the provision of a trajectory for the adjustment of the budget deficit for a period of 7 years,...

The written proposal, presented last week to representatives of the European Commission by the Prime Minister and the Ministry of Finance, estimates a budget reform in 2025, with the tax reform to be carried out in 2026. The...

The Ministry of Finance asked the European Commission that returning to the 3% of GDP deficit target should occur over a period of 7 years and Prime Minister Marcel Ciolacu announced on Tuesday that Romania would sign an...

Post-pandemic years are characterized by economies’ efforts to recover after the fall in 2020 and 2021, as well as by governments’ determination to make up for lost time and the funds swallowed by the health crisis. The evolution...