Romania’s budget deficit reached 1.75% of GDP after the first five months of the year, representing an improvement compared to the same period last year. However, Raiffeisen Bank’s chief economist, Ionuț Dumitru, warns against interpreting this as definitive positive news. He emphasizes that it is premature to conclude Romania is on a stable financial path. The crucial test will be whether the country can achieve its year-end deficit target of 6-6.2% of GDP. Dumitru suggests the current figures do not guarantee success in meeting this goal. Further economic developments will be key to determining the country’s fiscal health. The economist’s statement provides a measured perspective on the initial budget data.
