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March 3, 2021
BUSINESS

Romania, refunded EUR 20 M by EU from last year’s budget excedent

Romania will be refunded EUR 19.9 million by the EU from its contribution of EUR 1.4 billion to the community budget for the year 2008, as the European Government did not spend EUR 1.8 billion last year from the total budget of EUR 115.8 billion, Mediafax announces.

The unspent funds at the end of the year in the community budget are refunded to EU members, depending on the GDP of each country.

Romania’s contribution to the EU budget reached EUR 1.4 billion in 2008 and will increase to EUR 1.5 billion in 2009.

“The high level of budget execution by the EU contributes to the reduction of pressure upon national finances,” Dalia Grybauskaite, Commissar for Financial Planning and Budget declared in a press release issued by Eurostat, the statistics office of the European Commission.

The European Government had a budget excedent of 1.5 per cent last year, compared to the record level of 16 per cent registered in 2001, due to increased accesibility to funds. The sum to be refunded to Romania places our country on the seventeenth position among the 27 EU members. The highest sums will be refunded to Germany (EUR 356.7 million), France (EUR 280.1 million), UK (EUR 270 million) and Italy (EUR 222.7 million)

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