This year, Romania has to "squeeze" the budget deficit to be at 7% of GDP. This was announced by the deputy prime minister and finance minister of the Balkan country, Barna Tanzós.
These days, the final data on the budget deficit for the past year 2024 are expected to be released. It is expected to be around 8.6% of GDP.
Bucharest is setting up a government efficiency department. The idea is borrowed from the US model proposed by President Donald Trump. There, Ilon Musk is placed at the head of the institution. Finance Minister Barna Tanzós welcomed the new structure in Romania. | BGNES
