Moody's: Romania's Fiscal Credibility Tied to New Government, 2027 Budget

Moody's Ratings warns that Romania's fiscal credibility depends on forming a new government and timely adoption of the 2027 budget. The agency projects a budget deficit of 5.8% of GDP in 2026 and 5.5% in 2027, but notes fiscal adjustment is difficult amid rising public spending and high financing needs. This signals potential pressure on Romania's sovereign rating and borrowing costs.