economedia.ro/ministrul-finantelor-alexandru-nazar

Romania's Finance Minister, Alexandru Nazare, warned that the country risks a "red card" from rating agencies if the 2027 budget lacks credibility. He emphasized the need for significant budget deficit reduction through spending cuts rather than tax increases. Nazare stated that the government must lower the budget deficit by about one percentage point of GDP annually over the next three years to exit excessive deficit procedures and facilitate eurozone accession. He called for concrete proposals from ministries to prioritize investments while ensuring a credible budget. Nazare highlighted the importance of maintaining a stable country rating for economic recovery and urged for ambitious investment strategies.