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October 23, 2020
ECONOMY FINANCE&BANKING

February’s EU funds absorption rate under 2007 – 2013 financial framework stagnates

February’s current and actual absorption rates of European funds under the 2007 – 2013 financial framework were in line with those of January, shows data published on the dedicated website fonduri-ue.ro.

In January, the authorities increased the absorption rate by reducing the allocation of European funds by 276 million euro to 18.78 billion euro.

Thus, the current absorption rate of European funds under the 2007 – 2013 financial framework was by 1.2 pct higher in January compared to November 2016, when the latest data for 2016 was published, standing at 82.93 percent, although the expense statements referred to the European Commission remained the same, at 15.57 billion euro.

The effective absorption rate increased by 1.15 percentage points to 79.23 pct at the end of January (at 14.8 billion euro).

The current absorption rate was 105.47 pct under the Sectoral Operational Programme ‘Increase of Economic Competitiveness’; 113.42 pct under the Operational Programme ‘Technical Assistance’ (including the top-up required by the EC); 78.55 pct under the Sectoral Operational Programme ‘Environment’; 85.04 pct under the Regional Operational Programme; 73.37 pct under the Sectoral Operational Programme ‘Human Resources Development’ ; 77.31 pct under the Sectoral Operational Programme ‘Transport’; and 98.66 pct under the Sectoral Operational Programme ‘Development of Administrative Capacity’.

According to the released figures, ‘Transport’ was the Sectoral Operational Programme where Romania lost most money under the 2007 – 2013 European financial framework, specifically over 973.1 million euro; next by the lost amount is the Sectoral Operational Programme ‘Environment’ with 946.6 million euro, and the Sectoral Operational Programme ‘Human Resources Development’ is third with losses worth about 852.1 million euro. The Regional Operational Programme too registered a significant loss of 593.1 million euro, and another 2.7 million euro were lost under the Sectoral Operational Programme ‘Development of Administrative Capacity’.

Overall, Romania lost 3.2 billion euro of the allocations for the 2007 – 2013 programming period.

March 31, 2017 is the deadline for submission to the European Commission of the payment application with the final balance and of the final expense statement.

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