“As things stand now in terms of budget execution, we will need another budget revision by the end of he year,” said finance minister Florin Citu.
He added the government wants to pursue fiscal consolidation and expects Standard & Poor’s to maintain the country’s current investment grade rating with stable outlook. In December 2019, S&P revised Romania’s outlook to negative and a new country review is scheduled for December.
Asked about plans to raise pensions, public sector wages or child allowances, Citu said the future government would approve next year’s state budget based on current legislation.
Romania’s government most recently revised the budget mid-August.