Nazare emphasised that efforts to reduce the budget deficit must continue in 2027, in an even more difficult context than this year, with significantly greater pressures and outstanding obligations.
Nazare said that "the 2027 budget will be a major test of accountability" and that it must be built on realistic revenues, clear priorities and expenditure that the state can effectively support.
"We cannot afford to repeat the mistake of turning unrealistic expectations into permanent budgetary obligations without the necessary resources to finance them. Any new objective must be accompanied by a simple question: where is the source of financing?" he said, as reported by Economedia.ro.
The downside risk remains relevant.
The finance minister argued that Romania has not yet reached the stage of relaunching growth without constraints, but remains in a phase of stabilisation and correcting past slippages. This is because the fragile balance in the eyes of investors is still being maintained with considerable effort.
"Therefore, another essential objective today is to protect the sovereign rating and keep Romania out of the 'junk' category," he emphasised.
Nazare recalled that Fitch's first rating assessment is scheduled for January, but warned that, in the event of a significant slippage, any other agency could immediately put Romania's rating under review by convening an ad hoc rating committee.