These statistics capture the economic activity of public administration, in particular government revenues and expenditures, namely public debt including transactions in financial assets and liabilities, other economic stocks and flows.
The Maastricht Treaty provides for EU Member States to comply with budgetary discipline by respecting two criteria: a deficit equivalent to no more than 3% of GDP and a debt-to-GDP ratio no higher than 60%. The reference values are based on Government Finance Statistics concepts and produced in accordance with the European System of Accounts 2010 (ESA 2010).
Thus, government surplus / deficit is the net lending / net borrowing of general government sector and subsectors, as defined in ESA2010.
Government debt is defined as the total consolidated gross debt in nominal terms at end of period for the following categories of government liabilities (defined in ESA2010): currency and deposits, securities other than shares excluding financial derivatives, and loans.
Institutional responsibilities within the elaboration and reporting to the European Commission of the government deficit and debt Notification on the basis of Excessive Deficit Procedure were established by the Protocol of cooperation on the National System of Government Finance Statistics, between the Ministry of Finance, the National Institute of Statistics (national coordinator), the National Bank of Romania and the National Commission of Prognosis.
Public administration data sets available on:
- Ministry of Finance website:
- NBR website
- Statistical section of the Monthly Bulletin shows data on general government indicators provided by the Ministry of Public Finance in terms of consolidated budget data and broken down on the government budget, local budgets, state social security and unemployment budgets, and other extrabudgetary funds; and
- Gross external debt outstanding is broken down by institutional sector (general government, monetary authority, banks, other sectors), original maturity (short- and long‑term) and debt instrument (debt securities, trade credits, loans, currency and deposits, other debt liabilities). In this classification, data are reported under the IMF standard for data dissemination – SDDS (External debt statistics).