The issue of debt sustainability is more pressing than ever for Romania, and the credibility of the country’s fiscal policy plays a crucial role in maintaining investor confidence, controlling borrowing costs, and ensuring long-term macroeconomic stability, says Mugur Isarescu, governor of the National Bank of Romania (BNR).

„The global economic landscape is undergoing significant changes. Governments around the world continue to grapple with the legacies of the pandemic, the energy transition, the implications of geopolitical tensions, and rising capital costs. In this context, issues related to public debt, fiscal responsibility, and long-term economic resilience have become priorities in public policy. For Romania, the issue of debt sustainability is more pressing than ever. The credibility of Romania’s fiscal policy plays a crucial role in maintaining investor confidence, controlling borrowing costs, and ensuring long-term macroeconomic stability. In this context, understanding and managing fiscal risks is essential to protecting the country’s development and resilience,” said Mugur Isarescu on Wednesday at the presentation on „Debt sustainability and fiscal risks in the EU” delivered by Jeromin Zettelmeyer, director of the Bruegel Institute, at the BNR.

According to the governor of the central bank, Bruegel is an independent, non-doctrinal think tank established in 2005, renowned for its rigorous and independent research and its ability to bring clarity to complex economic issues. Bruegel’s mission is to improve the quality of economic policy through research, analysis, and open, fact-based debate, committed to impartiality, transparency, and excellence.

AGERPRES