{"id":7038,"date":"2025-10-02T07:02:27","date_gmt":"2025-10-02T07:02:27","guid":{"rendered":"https:\/\/ofero.news\/?p=7038"},"modified":"2025-10-02T07:02:27","modified_gmt":"2025-10-02T07:02:27","slug":"local-analysts-question-romanias-6-of-gdp-2026-public-deficit-target","status":"publish","type":"post","link":"https:\/\/ofero.news\/?p=7038","title":{"rendered":"Local analysts question Romania’s 6%-of-GDP 2026 public deficit target"},"content":{"rendered":"

Romanian analysts surveyed by Ziarul Financiar<\/a> questioned Romania’s 6%-of-GDP public deficit target mentioned by president Nicusor Dan.\u00a0<\/p>\n

“In practice, a decrease in the deficit by two percentage points of GDP, in such a short time, is impossible,” said economics professor Aurelian Dochia.\u00a0<\/p>\n

In turn, Adrian Codirla\u015fu, president of CFA Romania, argued that “a 6% of GDP deficit cannot be reached, but below 7%, yes.” However, this will occur with new taxes and financial repression, Codirla\u015fu said.<\/p>\n

President Dan, speaking in an informal press conference in Timisoara, where he was attending the Timi\u0219oara Cities Summit 2025 conference, said “6.5% of GDP, towards 6% of GDP,” and his statement echoed those of the rating agencies and the International Monetary Fund.<\/p>\n

“The deficit for 2026 is estimated at 6.5% of GDP and still depends on some measures to lower it to 6%. We are on schedule for this objective, and there is no risk of slippage. And the fact that the rating agencies have confirmed us is proof of what I am saying,” president Dan said, according to Agerpres<\/a>.<\/p>\n

Furthermore, Nicusor Dan’s figures are in line with the estimates of the IMF and rating agencies.\u00a0<\/p>\n

Credit rating agency Moody’s, which currently affirmed Romania’s sovereign rating just above speculative grade with a negative outlook, expressed confidence in a 6.1% deficit by 2026 but refrained from making forecasts for this year. IMF under Article IV Consultations recently completed in Bucharest had a similar estimate, refraining from any comment on this year’s budget but assuming a 6% of GDP gap in 2026.<\/p>\n

Under the 7-year fiscal consolidation plan, Romania is supposed to reach a general government budget deficit of 6.4% of GDP in 2026 (ESA terms). However, this is not the main benchmark used by the EC for evaluating the country’s performance, but the rise of the net primary expenditures, a more complex indicator derived from the general government deficit corrected for more macroeconomic factors.<\/p>\n

iulian@romania-insider.com<\/em><\/p>\n

(Photo source: LovelyDay12\/Dreamstime.com<\/a>)<\/em><\/p>","protected":false},"excerpt":{"rendered":"

Romanian analysts surveyed by Ziarul Financiar questioned Romania’s 6%-of-GDP public deficit target mentioned by president Nicusor Dan.\u00a0 “In practice, a decrease in the deficit by two percentage points of GDP, in such a short time, is impossible,” said economics professor Aurelian Dochia.\u00a0 In turn, Adrian Codirla\u015fu, president of CFA Romania, argued that “a 6% of […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7038","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/7038","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7038"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/7038\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}