Romania's New Cabinet Targets Sub-3% Deficit by 2030, Cuts Spending

The newly formed Niculescu government in Romania has announced a fiscal consolidation program aiming to reduce the budget deficit below 3% of GDP by 2030, through spending cuts, tax evasion crackdowns, and improved revenue collection. Interest on public debt is approaching 3% of GDP, underscoring fiscal pressure. The plan signals a shift toward austerity, but implementation risks are high given political constraints.