The Commission singles out Romania for its excessive budgetary imbalances, recommending a decision to establish failure of the country to take effective action.
As for the countries in excessive deficit procedure, the Commission says that “for six Member States (Italy, Slovakia, Hungary, Poland, France and Malta), the EDP is held in abeyance” at the moment (…)
On the other hand, ”In Romania, net expenditure growth is projected to be above the ceiling established by the corrective path. There are clear risks to the timely correction of the excessive deficit by 2030. Therefore, the Commission is today recommending to the Council to adopt a decision that establishes no effective action,” the European Commission says in its report.
“Romania continues to experience excessive imbalances; the vulnerabilities have increased as Romania’s twin fiscal and current account deficits widened, and cost competitiveness deteriorated in 2024.“
(English version by Loredana Fratila-Cristescu)