The consolidated budget deficit rose to 5.39% of GDP after the first three quarters, from 4.54% in the first eight months, and reached 102.47 billion RON, according to data from the Ministry of Finance, published on Monday.

„The execution of the general consolidated budget for the first nine months of 2025 confirms the trend of stabilizing public finances. The budget deficit stood at 102.47 billion RON, representing 5.39% of GDP, below the level of 5.47% of GDP recorded in the same period last year,” the Ministry of Finance states.

Total revenues amounted to 466.95 billion RON in the first nine months of 2025, up 12.3% (year-on-year). Expressed as a share of GDP, total revenues advanced by 0.9 percentage points, an evolution supported in similar proportions by current revenues (+0.44 pp) – mainly payroll and income taxes, insurance contributions and excise duties – and by European funds (+0.45 pp).

The general consolidated budget expenditures, amounting to 569.43 billion RON, increased in nominal terms by 11.2% compared to the same period of the previous year. Expressed as a percentage of Gross Domestic Product, expenditures for 2025 registered an increase of 0.8 percentage points compared to the same period of 2024, from 29.1% of GDP to 29.9% of GDP.

Romania agreed with the European Commission to close the year with a deficit of 8.4% of GDP.AGERPRES