President Nicușor Dan presented a 2026 budget deficit of 150 billion lei, equal to 7.2 percent of GDP, at a press conference on Tuesday evening. The Ministry of Finance’s official target is 130 billion lei, or 6.2 percent of GDP.
Dan put 2026 revenues at 730 billion lei and expenditures at 860 billion lei. He said the gap between them, which he called the deficit, is 150 billion lei, and that 60 billion lei of that is interest on debt already accumulated.
Gap between the figures
The difference between the president’s revenue and expenditure figures works out to 130 billion lei, which matches the ministry’s target rather than the 150 billion lei he cited. The article notes that Dan had not corrected the figures as of publication.
At the October 30 budget rectification, the Finance Ministry moved the nominal deficit target from 127 billion lei to 130 billion lei. The article says the deficit as a share of GDP was not raised, because the calculation formula allowed the change.
GDP revision
Nominal GDP was revised from 2056 billion lei to 2086 billion lei after inflation came in above expectations.
Dan said the fiscal trajectory committed to markets must be maintained.
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