Key facts
- The Social Democrats (PSD) will have 11 ministers in the proposed government.
- Technocrats will fill other ministerial posts, including finance, energy and foreign affairs.
- The PSD will join on condition that a 2027 budget plan be unveiled by December 1, with no further tax hikes.
Romania's Prime Minister-designate Luca Niculescu has secured the backing of the Social Democrats (PSD), parliament's largest party, and other pro-European parties ahead of a confidence vote on Thursday. The PSD will have 11 ministers in the proposed government, with technocrats filling other key roles. The months-long political crisis has pressured Romania's investment-grade rating, with the leu currency hitting record lows and debt yields surging. The country narrowly avoided a downgrade and must approve a 2027 budget to cut its deficit below 3% of economic output by 2030. The PSD's participation is conditional on the unveiling of the 2027 budget plan by December 1, with no further tax hikes.