Romania's budget deficit narrows to 3.81% of GDP in nine months, from 5.31%

Romania's fiscal deficit improved to 3.81% of GDP in the first nine months of 2026, down from 5.31% a year earlier, driven by an 11.9% rise in revenues outpacing a 5.5% increase in expenditures. The narrowing suggests fiscal consolidation is on track, potentially easing pressure on bond yields and supporting the leu, though full-year targets remain uncertain.

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