Nazare warns: Romania risks a "red card" from rating agencies if the 2027 budget is not realistic
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Finance Minister Alexandru Nazare has warned that Romania risks receiving a "red card" from rating agencies if the budget for 2027 is not credible. The statement was made in the context of discussions about preparing the budget and the country's budget deficit.
Rating agencies periodically assess states' ability to pay their debts and manage their public finances. The ratings granted by these agencies influence the cost of the loans Romania takes out on international markets. If the credit rating is downgraded, the state must pay higher interest, which means additional expenses for the public budget.
According to the minister, a realistic budget, with revenues and expenditures estimated correctly, is essential for investors and agencies to have confidence in Romania's economy. Nazare reiterated that the government must honour the commitments it has made regarding the reduction of the deficit.
In conclusion, the 2027 budget will be closely monitored by both specialists and financial markets. It remains to be seen how the state's expenditures and revenues will be balanced in the coming period.
Sources: Informat.ro
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