Romania's Q2 2026 Deficit at 9.2% of GDP, Highest in EU; Ministry Cites Adjustment Progress

Eurostat reported Romania's Q2 2026 budget deficit at 9.2% of GDP, the highest in the EU, though the Ministry of Finance highlights a reduction from 9.2% in 2024 to 7.8% in 2025. The ministry warns that fiscal consolidation must continue, signaling potential further austerity measures. The discrepancy between annual and quarterly figures underscores ongoing fiscal stress and may pressure Romanian bond yields and the leu.

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