www.mediafax.ro/economic/alexandru-nazare-a-prezen

The Minister of Finance, Alexandru Nazare, outlined the budget preparation status for 2027, emphasizing the need for institutions to submit spending proposals by November 13. He highlighted the importance of a rigorous budget process to ensure responsible public finance management and compliance with EU commitments to reduce the budget deficit. Two ministries still need to complete data for state-funded programs, and all institutions must clarify their budgetary measures. The budget's credibility is crucial for international rating evaluations in early 2027, impacting Romania's financial credibility and investment conditions. The preparation process is linked to the closure of the 2026 budget execution and ongoing deficit reduction efforts.