Romania's cash deficit in 2025 came in lower than forecast, at around 7.7% of GDP, Finance Minister Alexandru Nazare said in a conference on Tuesday.
"We are starting from a credible basis and sending an important message: the cash deficit recorded in 2025 is lower than forecast, although Romania has traditionally overshot its targets. This shows a serious adjustment compared to last year - almost one percent of GDP - and is a positive surprise," the minister said.
He said the lower deficit was achieved largely thanks to the renegotiation of the National Recovery and Resilience Plan (NRRP).
"We gained the trust of the European Commission, repositioned projects on EU funds financed through loans and grants for ten ministries, and transferred some NRRP projects to Cohesion. Once implemented in the budget at the end of 2025, these measures had major effects," he explained.
Nazare added that savings also came from additional revenues generated by the economy, alongside the reallocation of European funds.
According to him, the budget execution for 2025 is generally good, at over 90% implementation in most ministries, and will be finalized by the end of the week.
"Of course, there are many things we can improve, which we discussed with each minister in the presence of the prime minister. We closed this stage before the coalition meeting, where we agreed on this calendar with the adoption of the budget by the government sometime in mid-February," said Nazare.
He described the data as "encouraging" and said it strengthens confidence in Romania's fiscal correction.
"I look at 2026 with great optimism. Even if the 2025 execution is not finalized today, it will be completed and published on time," the Finance minister added.
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