Moody’s improves outlook for Romania’s fiscal trajectory, underlining need for discipline

Balazs Barabas

International rating agency Moody’s has acknowledged the Romanian government’s efforts to reduce the budget deficit, describing the recently adopted fiscal package as “an important step” toward restoring fiscal balance. In its latest report, published on July 9 and cited in a press release from the Romanian Finance Ministry, Moody’s noted that the government’s plan should reduce the deficit and slow the growth of public debt faster than previously anticipated. According to the report, the