Romania's budget deficit drops to 5.72% on 10 months

Business Forum
Romania's consolidated general budget recorded a deficit of €21.8 billion (RON 108.87 billion) in the first ten months of 2025, representing 5.72% of GDP. This marks a decrease of €110 million compared to the same period in 2024, when the deficit stood at 6.22% of GDP.  

Budget revenues totalled €106.6 billion (RON 531.55 billion) in the first ten months of 2025, up 12.3% year-on-year, indicating improved state collection capacity. Expenditures reached €128.4 billion (RON 640.42 billion), growing 9.9% nominally compared to the same period last year. The trend shows revenue growth outpacing expenditure increases.

Income tax collections reached €9.7 billion (RON 48.62 billion), recording 19.5% growth driven by dividend tax receipts which surged 71.8%. Social security contributions totalled €34.7 billion (RON 172.89 billion), up 10.5%. Corporate income tax generated €7.6 billion (RON 38.14 billion), increasing 15.8%, while net VAT collections amounted to €21.7 billion (RON 108.38 billion), up 9.2%.

Personnel expenses were €28.1 billion (RON 140.34 billion), up 5% but representing 7.4% of GDP, down 0.2 percentage points from the previous year due to benefit reductions for some public sector categories. Social assistance spending reached €41.9 billion (RON 209.12 billion), up 12.7%, mainly due to pension recalculations implemented from September 2024.

Investment expenditures, including capital spending and development programmes, totalled €19.3 billion (RON 96.04 billion), 8.65% higher than the previous year.

RECOMMENDED
Romania cuts budget deficit to 6.40% in first 11 months
Finance

Romania cuts budget deficit to 6.40% in first 11 months

Romania's consolidated general budget recorded a deficit of  RON 121.77 billion (€23.90 billion), equivalent to 6.40% of GDP, in the first eleven months of 2025, down 0.74 percentage points from 7.15% in the same period of 2024.

Romanian economy shows signs of recovery in Q3
Economy

Romanian economy shows signs of recovery in Q3

Romania's economy delivered a mild upside surprise in the third quarter, with flash estimates pointing to 1.6% annual growth, above expectations. However, the economy still contracted by 0.2% versus the previous quarter. After nine months of 2025, the economy is 0.8% above the same period of 2024, according to a report by ING Bank Romania.

RECOMMENDED FROM THE HOME PAGE
Electrica secures grid permits for 700 MWh of storage
Energy

Electrica secures grid permits for 700 MWh of storage

Energy company Electrica informs investors and the capital market that it has obtained the technical grid connection permits (ATR) for 17 new battery energy storage projects (BESS), with a total capacity of approximately 700 MWh.

Energy

Romanian grid operator to support peak power consumption during heatwave

Romania's national electricity transmission network operator, Transelectrica, has halted scheduled maintenance shutdowns to ensure the grid operates at maximum capacity during an ongoing extreme heatwave. The preventive measures aim to mitigate operational risks associated with severe weather conditions.