Romania recorded a Government Budget deficit equal to 5.60 percent of the country's Gross Domestic Product in 2023, according to preliminary data. Government Budget in Romania averaged -3.61 percent of GDP from 1993 until 2023, reaching an all time high of 0.50 percent of GDP in 1993 and a record low of -9.50 percent of GDP in 2009. source: Ministerul Finantelor Publice

Government Budget in Romania is expected to reach -6.20 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Romania Government Budget is projected to trend around -4.80 percent of GDP in 2025 and -4.20 percent of GDP in 2026, according to our econometric models.




Related Last Previous Unit Reference
Asylum Applications 160.00 235.00 persons Oct 2024
Credit Rating 55.00 Jan 2025
Fiscal Expenditure 388355.80 346040.70 RON Million Nov 2024
Government Budget -5.60 -6.30 percent of GDP Dec 2023
Government Budget Value -123170.30 -104485.20 RON Million Nov 2024
Government Debt 1056381.80 1020506.20 RON Million Sep 2024
Government Debt to GDP 48.80 47.50 percent of GDP Dec 2023
Government Revenues 265185.50 241555.50 RON Million Nov 2024
Government Spending 28699.00 29545.80 RON Million Sep 2024
Government Spending to GDP 40.30 40.40 percent of GDP Dec 2023
Holidays
Military Expenditure 5610.70 5188.00 USD Million Dec 2023

Romania Government Budget
The Government Budget to GDP ratio is an itemized accounting of the payments received by the government (taxes and other fees) and the payments made by the government (purchases and transfer payments) relative to GDP. A budget deficit occurs when a government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.
Actual Previous Highest Lowest Dates Unit Frequency
-5.60 -6.30 0.50 -9.50 1993 - 2023 percent of GDP Yearly