Romania recorded a Government Budget deficit equal to 4.30 percent of the country's Gross Domestic Product in 2019.

Government Budget in Romania averaged -3.07 percent of GDP from 1993 until 2019, reaching an all time high of 0.50 percent of GDP in 1993 and a record low of -9.10 percent of GDP in 2009. This page provides - Romania Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Romania Government Budget - values, historical data and charts - was last updated on July of 2020.

Government Budget in Romania is expected to reach -8.90 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Romania Government Budget is projected to trend around -10.00 percent of GDP in 2021 and -6.80 percent of GDP in 2022, according to our econometric models.

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Romania Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-4.30 -2.90 0.50 -9.10 1993 - 2019 percent of GDP Yearly

Romania Government Last Previous Highest Lowest Unit
Government Debt to GDP 35.20 34.70 39.20 6.60 percent [+]
Government Budget -4.30 -2.90 0.50 -9.10 percent of GDP [+]
Government Budget Value -36765.00 -28504.70 3486.70 -48079.20 RON Million [+]
Government Spending 2304.10 3212.80 3385.10 528.80 RON Million [+]
Government Spending to GDP 36.00 34.80 40.00 33.20 percent [+]
Government Revenues 49625.70 41204.20 152477.40 3701.40 RON Million [+]
Government Debt 358742.50 346624.20 358742.50 38469.80 RON Million [+]
Fiscal Expenditure 86390.70 69708.80 200556.60 2850.50 RON Million [+]
Credit Rating 55.00 [+]
Military Expenditure 4258.00 3622.00 8759.00 1775.00 USD Million [+]
Asylum Applications 335.00 320.00 750.00 45.00 persons [+]

Romania Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.