AmCham Romania outlined main concerns and recommendations on the State Budget for 2025 urging for an approach that will avoid further budgetary imbalances that Romania cannot afford.

AmCham’s letter underscores that overestimating revenues, underestimating expenditures, and failing to absorb structural funds at ambitious levels—compared to Romania’s past performance—will lead to an underestimated deficit, necessitating future fiscal adjustments or corrective measures. These scenarios significantly impact the investment environment. In a context of fiscal uncertainty, where there is no assurance that the year will end under the same fiscal conditions as it began, investors may delay strategic projects or reduce investments.

AmCham shows that building the budget on unrealistic assumptions (too optimistic growth rate, too high collection from tax on special consumption, etc) without clearly defining Romania’s macroeconomic objectives exacerbates economic uncertainty and hinders the correction of structural imbalances such as twin deficits or the current account deficit.

Furthermore, after two rating agencies (Fitch and Standard & Poor’s) downgraded Romania’s outlook from stable to negative, signaling a potential sovereign credit rating downgrade, AmCham Romania urges maximum responsibility in approving and implementing a realistic budget that maintains Romania's investment grade.

>> Full AmCham Letter