ECONOMY FINANCE&BANKING

EU Funds Minister: Non-repayable funds beneficiaries to get money for project current spending in advance

The emergency ordinance on the financial management of the European Union funds for 2014-2020 approved by the Romanian Government on Wednesday says, among others, that the beneficiaries of the projects on non-repayable funding will have the amounts relevant to the current spending allotted in advance, based on an estimate.

‘The novelty in the sense of simplifying [the procedure] for 2014-2020 is that the beneficiaries can carry out the projects on non-repayable finance without the burden of having available the financial resources themselves. Thus, for such spending as lodging, daily allowance, transport, meals – the current spending for the projects – the beneficiaries will be allotted the necessary amounts in advance, based on an estimate and at the end of the three months they shall file an application to settle those amounts. Therefore, for such type of spending we will use a pre-funding mechanism, while for the other types of expenditure they have in their projects, resulting from procurement, we will exclusively use the mechanism of the payment claim, namely the beneficiary accepts the supplier’s services and sends us the supplier’s bill for payment. This simplifies things for the beneficiary as regards the money they should have on starting conducting the project’, EU Funds Minister Marius Nica explained at a news conference at the Victoria Palace (the Govt’s offices).
He said that a second measure included in the government emergency ordinance on the management of the EU funds relates a pledge made by the concerned government authorities that the processing of the payment and re-payment claims for the 2014-2020 financial exercise should be achieved in no more than 20 weekdays since the financial paperwork was filed.
Another novelty set in Wednesday’s act is the introduction of the position of ‘project officer or project manager’ for all the operational programmes relevant to the 2014-2020 exercise.
The minister explained that the act was drawn up following consultations with the Coalition for the Development of Romania, the Coalition for the Structural Funds Absorption, the Public Policies Institute and the Association of Rural Towns, Towns and County Councils.

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