ECONOMY FINANCE&BANKING

Deputy PM Shhaideh: Budget revision to be done in August at the latest

Deputy Prime Minister and Minister of Regional Development, Public Administration and European Funds Sevil Shhaideh said Wednesday that the national budget revision will be done in August, at the latest.

“Even today (…) I am to meet the finance minister, and, as you know well, as far as the schedule of revisions is concerned, one such revision is likely to occur this August or before August, deepening on the spending reports of each ministry. The Finance Ministry will conduct an analysis and come up with a final proposal,” Shhaideh told a news conference.

She added that the budget execution at her ministry is on schedule.

“At the level of the ministry I represent, all the amounts are currently taken up, cash flows are sufficient, so the execution is on schedule. We do not believe that, as the discussion stands today, additional spending would be required. (…) We are also on schedule as far as the demand estimated early this year is concerned,” the minister said.

 

“National Development Programme money allotted according to registration order”

 

Deputy PM and Development Minister Sevil Shhaideh denied on Wednesday accusations that she allotted the money of the National Programme for Local Development I (PNDL I) based on political criteria, underscoring that the local administrations received the sums on a first-come, first-served basis.

“The public information around doesn’t regard allotments. We mean payments. At this moment – PNDL, stage I – two billion lei worth of cash exists for the programme. From this cash, all invoices submitted to the ministry are refunded. Therefore, the reimbursement procedure only has the first-come, first-served principle baked in. There is a very rigorous system for the registration of all requests, of all invoices. Those localities with ongoing funding contracts weren’t prevented from refunding their works,” said Shhaideh.

At the same time, she pointed out it isn’t normal for the 30 billion lei of PNDL II to be equally allotted to the 41 counties.

 

 

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