State will pay from the Culture Ministry’s budget the remained amount of money for Wisdom of the Earth. An amount of EUR 1.1 million were raised from donations. The remaining amount up to EUR 11 million will be covered from the state budget. The state will try to recover the money by extending the donation campaign with three years.
The public subscription for Wisdom of the Earth will be extended until October 31, 2019, according to the emergency ordinance discussed today in the Government’s meeting.
“The difference between the donated and paid amounts in the accounts provided by rt.3 par.(1) and the equivalent amount in RON of the amount of EUR 6 million will be provided from the state budget, through the Culture Ministry, and the funds raising campaign from donations will be resumed and it will run until October 31, 2019, in order to ensure the completion of the funds allocated from the budget. Fiscal facilities, requirements and procedures provided by Art.2, Art.3 and Art.31 will be applied correspondingly also for the new campaign until October 31, 2019”, according to the Government Emergency Ordinance (GEO).
If Brancusi’s famous statue will not enter in the state’s possession by the end of November 2016, the Executive undertakes to return the money to those who have donated until now.