Romania Says Budget Agenda Aims to Bring Debt Costs Below 6%

Romania’s finance chief said winning back investor confidence by trimming the nation’s outsized budget deficit should amount to a “national project” as the government struggles to wrest control over fiscal policy.

Finance Minister Alexandru Nazare said he aims to reduce yields on Romania’s debt — a key benchmark in market sentiment — to below 6% for all maturities by the end of the year. He expressed confidence that rating agencies will affirm their investment-grade rating — and potentially upgrade their negative outlook.