Size of government in
Romania is modest, when compared to other European countries, with general
government expenditures reaching 32% of GDP in 2018. The high rise in public sector
wages and the pension benefits due to the new pension law have led to a
significant rise in current expenditures. Current fiscal policy is pro-cycle,
with high budget deficits of 2.8% of GDP in the last two years, and the latest
rectification of the state budget made by the new government operates at the
end of the 2019 with a high deficit estimated at 4.3% of GDP. The economy is
growing strongly, even above the potential, by 4.1% in 2018, on the basis of
growing consumption and exports. Unemployment has plummeted, falling below 4.2%
in 2018, while public debt has been on a downward path since 2014,
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