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Bucharest
May 17, 2021
BUSINESS

Gov’t to approve the second budget rectification on Friday

The pre-suspension of EU funds, a new reason for dispute between power and opposition. PM Ponta does not understand “the big morbid happiness” of former rulers.

Premier Victor Ponta announced ministers that the government will approve tomorrow the second budget rectification this year and asked them to have another talk with the representatives of the Finance Ministry, in order to complete the draft, Mediafax reports. It is worth mentioning that the incomes to the state budget will be more than RON 1 bln lower, because of smaller VAT incomes, sums received from the EU to the account of made payments, tax on incomes and salaries, while expenses will increase by RON 307 M in view of covering personnel costs, acquisitions and farming subsidies.The premier said in the Cabinet meeting that he has not been formally notified yet about the pre-suspension of programmes financed by the EU and he does not understand “the big morbid happiness” of the former rulers, because the issues result from the way programmes were enforced during 2011-2012 by the former government.The results that will be announced by the European Commission after checking several programmes with EU financing will not be encouraging, and Romania will have to accept financial corrections that reach EUR 175 M in the case of the POSDRU programme.The European Commission will notify the government today about initiating the pre-suspension procedure for the operational programmes Transport and Economic Competitiveness, convergent European sources had previously announced.The notification will be delivered under the form of letters sent by the European commissioner for Regional Development, Johannes Hahn, which will refer to all four operational programmes – transport, competitiveness, regional and environment – for which the European Commission interrupted payments on July 1, in view of making audits. The letters will be sent to the government via Romania’s Representative Office to the EU in Brussels, and after Bucharest confirms receiving them, the European Commission will make the public announcement.

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