Gov’t to finance investments that have immediate effect

Public funds will be prioritized and channeled towards investment projects that can be completed and that have an immediate effect, the savings that result from this process set to be earmarked for programmes that have a direct impact on citizens, Finance Minister Bogdan Dragoi stated for Mediafax. He did not enter into details, pointing out only that rural development could be an example in that sense. The manner in which budget funds will be earmarked has been established during the government’s meeting on Tuesday, the Minister pointed out. Dragoi stated that the privatization process will not affect the funds reserved for co-financing projects financed from EU funds. Premier Mihai Razvan Ungureanu pointed out in his turn that projects that have a low degree of completion or that have just been started and cannot be completed anytime soon will not be considered of top priority.

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