♦ Although there has been talk for two years about the funds from the National Recovery and Resilience Plan (PNRR), only 400 million lei were the revenues for this chapter in the state budget in the first three months of 2023 l Throughout 2022, Romania absorbed 200 million lei from PNRR.
Romania absorbed only 400 million lei from the PNRR in the first three months of 2023, according to the data published by the Ministry of Finance. In total, in two years, it practically absorbed 600 million lei from the total of 145 billion lei, which should be spent until 2026, i.e. an absorption rate of 0.3%.
Where did the absorption of PNRR funds get stuck?
Romania currently has 30 billion lei (6 billion euros) in the accounts of the Treasury and expects to receive another 10 billion lei (2 billion euros) from the second tranche.
Although the discussion is generally about receiving the money from the European Commission, at this moment the figures suggest that, although the money has come, it is lying unused in Romania’s accounts.
“We see a certain inertia and lagging behind due, we would say, to reduced administrative capacity. The line ministries have not yet calibrated their resources and indeed, in this budget execution equation, with this possibility of increasing the budget deficit, attracting non-reimbursable financing is an extremely important solution, I would say strategic for Romania, says Dan Bold , consultant at REI Financial Advisors, consulting company on European funds and state aid. The statements were made at ZF Live.
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