SUSTAINABILITY OF BUDGETARY POLICY AT THE LEVEL OF LOCAL FINANCES IN ROMANIA IN THE PERIOD JANUARY - SEPTEMBER 2025

Romania currently has a significant budget deficit, the largest among the European Union member states. Analyses of the evolution of budget indicators in recent years show a trend of more pronounced growth in public spending than in revenues, a trend that, if maintained, will widen the gap. Therefore, we believe that it is necessary to implement more rigorous financial discipline, especially in the area of spending, and that is why we aim to capture the quality of their budget execution at the level of local administrations, reflecting the level and dynamics of the main categories of spending, as well as the value and evolution of outstanding payments. We will thus highlight, for the analyzed time interval, the sustainability of the budget policy at the local level.