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Bucharest
May 16, 2021
ECONOMY FINANCE&BANKING

Gov’t wants to lower arrears by 15 pc this year

The Government plans to lower arrears by 15 per cent this year, but this percentage is not imposed on state-owned companies or on companies in which the state is a majority shareholder and which register arrears, but rather represents an average for each ministry, Government Spokesperson Dan Suciu announced on Wednesday. The stipulation is included in a memorandum that the Government approved on Wednesday.

The document recommends companies to fill-in a substantiation annex when drafting their revenue and expenditure budgets. The annex would include concrete measures for reducing the backlog of payments.

Dan Suciu also stated that within 15 days from the approval of this memorandum the central public administration bodies would present to the Finance Ministry the situation concerning the reduction of the backlog of payments ordered by business operators.

Arrears totalled RON 3.4 bln in 2015. The previous government planned to pay 45 per cent of them but the target was not attained. Arrears currently total approximately RON 2 bln.
The Transport Ministry and the Economy Ministry each have under their control five companies that register high arrears, the Energy Ministry has three and the Communications Ministry has one.

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