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June 21, 2021

Public Finance Ministry reorganizes in preparation of Romania’s taking over EU Council Presidency

The Government adopted on Wednesday a decision on the reorganization of the Public Finance Ministry, which also provides for the setting up of a position of Secretary of State who will coordinate public finance activities related to European affairs, in preparation of Romania’s taking over the Presidency of the Council of the European Union between July – December 2019.
According to a Government release, for the files of the European agenda falling under its responsibility, the Public Finance Ministry will have to organize all activities that require the fulfillment of Presidency tasks at European standards, while ensuring the current activities related to European affairs. The latter are needed in order to bolster national interest in relation to other member states, to the Commission and the EU Council, the release says.
The Government underscores that Romania will be responsible for the current management of the European agenda of all the Council’s preparatory bodies (councils, COREPER and working groups), will lead and coordinate dialogue with the other European institutions – the Commission, the European Parliament, the European Council – in the decision-making process and will be responsible for organizing informal meetings in Romania (ministerial, at the level of senior officials, Secretaries of State, CEOs, working groups etc.).
It will also organize, manage and coordinate conferences dedicated to specific priorities and cultural events to promote Romania (including in Brussels and in the member states) and will participate in all activities entailed by Romania’s acting in the presidential trio, alongside Austria and Finland (January 1, 2019 – June 30, 2020).

At the same time, the Public Finance Ministry will set up a new structure – the Public Finance Analysis and Research Directorate that will be headed by a chief economist with the rank of director general.

According to the cited source, the Public Finance Ministry takes over from the Department for Foreign Investments and Public-Private Partnership the PPP-related activities.

‘The new structure contributes to the development of the Government’s strategy on public investments. Together with the spending analysis and investment prioritization directorates, it sets regulations and procedures in place regarding the projects’ identification, selection and prioritization, supports the performance of contracts and advises the teams with defining the specific clauses,’ the release reads.

The regulatory act modifies and supplements the Government’s Decision No. 34/2009 on the organization and operation of the Public Finance Ministry.

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