Romania: Budget Credibility and Sustainable Development Goals


Sustainable Development Goals (SDGs), adopted by all members of the United Nations since 2015, they were intended as a map to a prosperous future, both for people and for the planet. Among them are great goals such as eradicating poverty and hunger, making green energy accessible or gender equality; but in order to be able to achieve these goals, everything begins, as we are used to, with the allocation of a budget.

Until reaching the investments and the de facto spending of the money allocated to achieve the intermediate objectives, budget credibility is a challenge that we must overcome. We can define budget credibility as a difference between what we set out to do in the budget at the beginning of the year, and what we actually did by the end of the year, as the difference increases, credibility decreases. Because we allocate and plan in vain, if we don't put it into practice.

You can find out more about the national context of budget credibility, what impact the Covid-19 pandemic had on the way money is spent, but also Romania's progress in reaching the intermediate targets of the SDGs (Sustainable Development Goals) in the analysis below .

According to the 2021 Sustainable Development Report, Romania reached 74.97% of the objectives, a slight overall improvement compared to 2015, when it reached 73.84%. This graph from the 2021 report shows us the areas we still need to work on.

Sustainable Development Report 2021 (Romania)

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