According to Moody’s, the “Baa3” rating assigned to Romania is supported by the high score for fiscal solidity. Even if the government debt has tripled after 2008, reaching out in 2014 to 39,9% from GDP, it is still at a similar level with the countries which benefit from a similar rating. More than that, the fiscal soundness have benefited from the reduction of the budget deficit to 1,5% from GDP in 2014, comparing to 8,9% from GDP in 2009.
For more information, please see the Romanian version of the article, here.
