Romanian finance minister confirms measures should be taken after public debt exceeded 60% of GDP

20 August 2026 Acting minister of finance, Alexandru Nazare, presented the updated situation regarding the implications of the Fiscal Responsibility Law 69/2010 at the government meeting on Wednesday, August 19. According to the latest official Eurostat data, Romania's public debt reached 60.1% of GDP at the end of the first quarter of 2026. Romania has been under Excessive Deficit Procedure since 2020. Romania received recommendations (Council recommendation of July 8, 2025) to maintain expenditures within the stipulated limits (the annual ceiling on the annual increase in net expenditures being 2.6% in 2026, 4.6% in 2027, 4.4% in 2028, 4.2% in 2029, 4.0% in 2030. According to the estimates of the Ministry of Finance, cited by Agerpres, the public debt calculated according to the European