Romania recorded a Government Budget deficit equal to 9.20 percent of the country's Gross Domestic Product in 2020. source: Ministerul Finantelor Publice

Government Budget in Romania averaged -3.29 percent of GDP from 1993 until 2020, reaching an all time high of 0.50 percent of GDP in 1993 and a record low of -9.20 percent of GDP in 2020. This page provides - Romania Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Romania Government Budget - values, historical data and charts - was last updated on April of 2021.

Government Budget in Romania is expected to reach -7.50 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Romania Government Budget is projected to trend around -6.20 percent of GDP in 2022 and -5.90 percent of GDP in 2023, according to our econometric models.

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Romania Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-9.20 -4.40 0.50 -9.20 1993 - 2020 percent of GDP Yearly

Romania Government Last Previous Highest Lowest Unit
Government Debt to GDP 47.30 35.30 47.30 6.60 percent [+]
Government Budget -9.20 -4.40 0.50 -9.20 percent of GDP [+]
Government Budget Value -8430.80 -112.30 3486.70 -105906.60 RON Million [+]
Government Spending 2555.80 2336.80 3385.10 528.80 RON Million [+]
Government Spending to GDP 36.00 34.80 40.00 33.20 percent [+]
Government Revenues 24316.90 15563.40 152477.40 3701.40 RON Million [+]
Government Debt 358742.50 346624.20 358742.50 38469.80 RON Million [+]
Fiscal Expenditure 32747.70 15675.80 246929.90 2850.50 RON Million [+]
Credit Rating 55.00 [+]
Military Expenditure 5098.00 4359.00 9478.00 1921.00 USD Million [+]
Asylum Applications 495.00 335.00 750.00 45.00 persons [+]


Romania Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.