Finance Minister Andrian Gavrilita announced that the budget revision and the adjustments made throughout the year have allowed the government to cover the main spending categories, and the budget execution may produce a smaller deficit than initially planned, reports BANI.MD. He stated that even though the authorities approved additional loans and allocations, some projects will remain under-executed, which will reduce the actual deficit.
“If, following the revision, we end up with certain unspent allocations, the effective deficit at the end of the year will drop from 5.2% to an even lower level. It could potentially fall below 5%,” the minister said.
At the same time, Andrian Gavrilita noted that this situation gives the Government room to start 2026 with a slightly higher planned deficit, because in practice some expenditures will not be implemented on time.
“The goal is to improve execution, but we accept the reality: unfortunately, some projects will face delays,” he underlined.
The minister added that his objective is for next year’s budget deficit to end up lower than initially forecast and for the cost of financing public debt to decrease.
“The deficit we start with should be lower by the end of the year, along with a reduced cost of debt financing,” Gavrilita said.
He also noted that these adjustments form part of a prudent approach to managing public finances, taking into account both development needs and real conditions on the ground regarding project implementation, according to the cited source.
For 2025, the authorities increased the budget deficit to 18.2 billion lei (5.2% of GDP), compared to the previous 17.9 billion lei.