Romania’s finance minister and SocDem leader clash over budget execution interpretation

The 9.2% public deficit-to-GDP ratio reported by Eurostat for Romania’s seasonally adjusted budget execution in Q2 is preliminary data and largely reflects payments made under the Recovery and Resilience Facility (RRF) in Q2 and Q3, finance minister Alexandru Nazare said, seeking to tone down the radical statements made by Social Democratic Party leaders following the publication of the quarterly data by the EU’s statistics office.