The Tax Council Does Not Rule Out Romania Entering a Recession in 2026. What Do the Forecasts for 2027 Show?
5 Articles
5 Articles
Romania could go through a recession in 2026, in the context of the strong impact of fiscal correction. The President of the Fiscal Council, Daniel Dăianu, argues that the reform of unitary wage is necessary to reduce inequities and for a more predictable evolution of public sector wage spending.
The tax council does not exclude the possibility of Romania registering a slight recession in 2026, under conditions where measures to reduce the deficit brake the economy, and the international environment remains unfavourable. The main forecasts indicate for this year an evolution between a decrease of 0.2% and an increase of 0.7%, followed by a return in 2027, according to the institution's annual report for 2025.
In 2027, the budget deficit could be around 5.5% of GDP, slightly above the targets of the Government, in the context of the continuation of the process of correcting the deficit of public finances, according to the report of the Fiscal Council (CF). The estimate, which represents an evaluation of the Fiscal Council, slightly exceeds the targets assumed by the Government through the Fiscal-Budgetary Strategy, respectively 5.1% cash and 5.2% defi…
The law of unitary wage tightened the political dialogue and marked an impasse, and the loss of 770 million euros is a cost to the budget, but cannot in itself cause a misappropriation, is the opinion of the President of the Fiscal Council, Daniel Dăianu, transmits Agerpres. In the chapter introducing the Report on 2025 of the Fiscal Council, given Monday [...]
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