Romania aims to exit excessive deficit rule by 2030 to meet euro target

At a recent event hosted by the National Bank of Romania, interim Finance Minister Alexandru Nazare outlined Romania’s fiscal roadmap toward euro membership. He argued that leaving the excessive deficit procedure by 2030 is a prerequisite for a 2035 euro entry, as the remaining years will be devoted to convergence preparations. The minister highlighted that the deficit has already dropped from 9% and is moving toward a target of 3%, indicating progress but also warning against any pause in consolidation.

Nazare called for a credible 2027 budget to anchor the ten-year national plan and to improve investor confidence. He stressed that fiscal “red lines” must be respected across the political spectrum, and that stronger competitiveness, not just consolidation, should drive the reform agenda. Finally, he mentioned upcoming rating agency reviews and the need for a stable fiscal outlook to attract investment.