EU Slams Romania's Budget: Funding Cuts Loom

Romania Faces EU Funding Cuts Amid Budgetary Concerns Romania is facing potential cuts to European Union funding due to concerns raised by the European Commission regarding the country's budgetary mismanagement. The Commission's report highlights a growing economic imbalance, citing rising public spending as a primary factor. "The deficit is already high, and it's getting worse," stated one Commission expert in the Realitatea Plus report. The Commission points to a 9.3% deficit in 2024 and projects an 8.6% deficit for 2025, exceeding established limits. To avoid further penalties, Romania must implement significant fiscal reforms, including improving the efficiency of public administration and reducing its reliance on fossil fuels by accelerating renewable energy projects. The Commission also urged a faster implementation of the country's recovery and resilience plan. The situation underscores the challenges Romania faces in balancing its budget while meeting EU requirements. The Commission's actions serve as a warning to other member states about the importance of fiscal responsibility and adherence to EU guidelines. The immediate implementation of the suggested reforms is crucial for Romania to secure its future EU funding and maintain economic stability.