{"id":2010175,"date":"2026-06-25T11:49:47","date_gmt":"2026-06-25T08:49:47","guid":{"rendered":"https:\/\/analyse.optim.biz\/?p=2010175"},"modified":"2026-06-25T11:49:47","modified_gmt":"2026-06-25T08:49:47","slug":"economistul-sef-al-bnr-avertizeaza-romania-risca-retrogradarea-la-categoria-nerecomandata-investitiilor","status":"publish","type":"post","link":"https:\/\/analyse.optim.biz\/?p=2010175","title":{"rendered":"Economistul-\u0219ef al BNR avertizeaz\u0103: Rom\u00e2nia risc\u0103 retrogradarea la categoria nerecomandat\u0103 investi\u021biilor"},"content":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/cdn.adh.reperio.news\/image-8\/8d5ac347-5e98-4514-8da9-b9c05ea21cbc\/index.jpeg?p=f%3Djpeg%26w%3D1200%26h%3D630%26r%3Dcover&#8221;]<\/p>\n<article class=\"svelte-t0js42\">\n<nav>\n<ul class=\"breadcrump svelte-1j3umxo\">\n<li class=\"svelte-1j3umxo\"><a href=\"\/\" title=\"Adev\u0103rul\" class=\"svelte-1j3umxo\">Home<\/a><\/li>\n<li class=\"svelte-1j3umxo\"><a href=\"\/economie\" class=\"svelte-1j3umxo\">Economie<\/a><\/li>\n<li class=\"svelte-1j3umxo\"><a href=\"https:\/\/adevarul.ro\/economie\/economistul-sef-al-bnr-avertizeaza-romania-risca-2538944.html\" class=\"svelte-1j3umxo\">Economistul-\u0219ef al BNR avertizeaz\u0103: Rom\u00e2nia risc\u0103 retrogradarea la categoria nerecomandat\u0103 investi\u021biilor<\/a><\/li>\n<\/ul>\n<\/nav>\n<p><main class=\"svelte-t0js42\"><\/p>\n<p>Economistul-\u0219ef al B\u0103ncii Na\u021bionale a Rom\u00e2niei, Valentin Lazea, a declarat c\u0103 Rom\u00e2nia traverseaz\u0103 o perioad\u0103 economic\u0103 dificil\u0103, caracterizat\u0103 de cea mai ridicat\u0103 rat\u0103 a infla\u021biei din Uniunea European\u0103, cel mai mare deficit bugetar din blocul comunitar \u0219i o datorie public\u0103 aflat\u0103 \u00een cre\u0219tere.<\/p>\n<div class=\"container-image  svelte-jd4qiv\"><source type=\"image\/webp\" srcset=\"https:\/\/cdn.adh.reperio.news\/image-8\/8d5ac347-5e98-4514-8da9-b9c05ea21cbc\/index.jpeg?p=a%3D1%26co%3D1.05%26w%3D1400%26h%3D735%26r%3Dcontain%26f%3Dwebp 1400w\" media=\"(min-width: 1400px)\" \/><\/p>\n<div class=\"caption\">Valentin Lazea spune c\u0103 reducerea deficitului este esen\u021bial\u0103 pentru economie. FOTO: Mediafax<\/div>\n<\/div>\n<p>Potrivit acestuia, \u00een cursul acestui an datoria public\u0103 va dep\u0103\u0219i pragul de 60% din PIB, ceea ce \u00eenseamn\u0103 c\u0103 Rom\u00e2nia nu va mai respecta nici ultimul criteriu de la Maastricht pe care \u00eel \u00eendeplinea.<\/p>\n<p>\u201e<i>Travers\u0103m o perioad\u0103 complicat\u0103, deoarece avem cea mai \u00eenalt\u0103 rat\u0103 a infla\u021biei din Uniunea European\u0103 (\u2026) \u0219i cel mai mare deficit bugetar (\u2026), iar anul acesta vom dep\u0103\u0219i \u0219i pragul de datorie public\u0103 de 60% din PIB, ultimul criteriu Maastricht pe care \u00eel mai \u00eendeplineam<\/i>\u201d, a declarat Lazea, \u00een cadrul unei conferin\u021be organizate de Asocia\u021bia Anali\u0219tilor Financiar-Bancari din Rom\u00e2nia.<\/p>\n<h2>Avertisment privind ratingul de \u021bar\u0103\u00a0<\/h2>\n<p>Economistul a atras aten\u021bia c\u0103 actualii indicatori macroeconomici pot duce la retrogradarea Rom\u00e2niei la categoria nerecomandat\u0103 investi\u021biilor \u0219i la dificult\u0103\u021bi de finan\u021bare pe pie\u021bele externe.<\/p>\n<p>\u201e<i>Av\u00e2nd asemenea indicatori, exist\u0103 oric\u00e2nd pericolul retrograd\u0103rii \u021b\u0103rii la nivelul nerecomandat investi\u021biilor, pericolul opririi finan\u021b\u0103rilor de pe pie\u021bele externe de capital \u0219i al ajust\u0103rii brutale a nivelului de trai<\/i>\u201d, a spus Lazea.<\/p>\n<p>\u00cen acest context, el a propus stabilirea unor limite clare pentru <a href=\"https:\/\/adevarul.ro\/economie\/romania-ramane-campioana-inflatiei-in-ue-cu-un-2537423.html\">infla\u021bie<\/a>, deficit bugetar \u0219i cre\u0219tere economic\u0103, care s\u0103 fie respectate indiferent de guvernele aflate la putere.<\/p>\n<h2>Deficitul ar trebui redus la 2,5-3% din PIB\u00a0<\/h2>\n<p>Potrivit economistului-\u0219ef al BNR, reducerea deficitului bugetar este esen\u021bial\u0103 pentru stabilizarea datoriei publice.<\/p>\n<p>\u201e<i>Pentru ca datoria s\u0103 \u00eenceap\u0103 s\u0103 scad\u0103, deficitul bugetar trebuie redus sub nivelul cheltuielilor cu dob\u00e2nzile, care sunt de aproximativ 2,8% din PIB. Asta \u00eenseamn\u0103 c\u0103 deficitul bugetar ar trebui adus \u00een intervalul 2,5-3% din PIB<\/i>\u201d, a afirmat Lazea.<\/p>\n<p>Acesta a ad\u0103ugat c\u0103 o astfel de ajustare este necesar\u0103 pentru a evita transferarea problemelor actuale c\u0103tre genera\u021biile viitoare.<\/p>\n<h2>Critici la adresa mediului de afaceri<\/h2>\n<p>\u00cen interven\u021bia sa, Valentin Lazea a criticat \u0219i modul \u00een care o parte a mediului de afaceri prive\u0219te conceptele macroeconomice.<\/p>\n<p>\u201e<i>Conceptele de macroeconomie sunt total necunoscute de c\u0103tre mediul de afaceri, care nu numai c\u0103 nu le \u0219tie, nu vrea s\u0103 le \u0219tie<\/i>\u201d, le-a transmis economistul participan\u021bilor la conferin\u021b\u0103.<\/p>\n<p>El a sus\u021binut c\u0103 explozia <a href=\"https:\/\/adevarul.ro\/politica\/criza-politica-impinge-romania-spre-un-soc-2538794.html\">deficitului bugetar<\/a> a fost justificat\u0103 \u00een ultimii ani prin ideea c\u0103 cheltuielile publice ridicate pot accelera cre\u0219terea economic\u0103, o abordare pe care o consider\u0103 gre\u0219it\u0103.<\/p>\n<p>\u201e<i>Deficitul nu a explodat din incompeten\u021b\u0103, ci dintr-o narativ\u0103 deliberat\u0103: \u00abcheltuim mult ca s\u0103 cre\u0219tem economia\u00bb. Antreprenorii, at\u00e2t cei rom\u00e2ni, c\u00e2t \u0219i cei str\u0103ini, au sus\u021binut cu frenezie acest tip de for\u021bare a cre\u0219terii economice, crez\u00e2nd \u00een mod eronat c\u0103 o cre\u0219tere economic\u0103 este cu at\u00e2t mai bun\u0103 cu c\u00e2t este mai mare<\/i>\u201d, a declarat economistul.<\/p>\n<p><\/main><\/p>\n<footer class=\"svelte-t0js42\">\n<div class=\"related-wrap related-footer svelte-1t8qpgs\"><span class=\"related-label svelte-1t8qpgs\">Cite\u0219te \u0219i<\/span><a class=\"related svelte-1t8qpgs\" data-gtrack=\"{&quot;event&quot;:&quot;utm_click&quot;,&quot;data&quot;:{&quot;event_category&quot;:&quot;article_related&quot;}}\" href=\"https:\/\/adevarul.ro\/economie\/bnr-sunt-necesare-clarificari-privind-decizia-2535827.html\" title=\"Alt articol de interes pentru tine\"><img decoding=\"async\" class=\"thumb svelte-1t8qpgs\" src=\"https:\/\/cdn.adh.reperio.news\/image-f\/f22af02d-e377-46d8-981c-b7b65e9a0e16\/index.jpeg\" alt loading=\"lazy\" width=\"80\" height=\"54\"><span class=\"title svelte-1t8qpgs\">BNR: Sunt necesare clarific\u0103ri privind decizia Consiliului Concuren\u021bei \u00een cazul ROBOR<\/span><\/a><a class=\"related svelte-1t8qpgs\" data-gtrack=\"{&quot;event&quot;:&quot;utm_click&quot;,&quot;data&quot;:{&quot;event_category&quot;:&quot;article_related&quot;}}\" href=\"https:\/\/adevarul.ro\/politica\/acuzatii-dure-de-la-varful-bnr-lucian-croitoru-2537248.html\" title=\"Alt articol de interes pentru tine\"><img decoding=\"async\" class=\"thumb svelte-1t8qpgs\" src=\"https:\/\/cdn.adh.reperio.news\/image-a\/ac4ff74c-165d-469b-87d9-eb10a03b7e89\/index.jpeg\" alt loading=\"lazy\" width=\"80\" height=\"54\"><span class=\"title svelte-1t8qpgs\">Acuza\u021bii dure de la v\u00e2rful BNR. 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