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September 26, 2020
ECONOMY FINANCE&BANKING

EU’s Oettinger in Bucharest: Conditions in place for Romania to meet 3pct deficit target in 2017, next year too

European Commissioner for Budget and Human Resources Gunther Oettinger, currently on a visit to Romania, said that conditions are in place for Romania to meet the 3 percent deficit target both this year and in 2018.

The national budget policy is the responsibility of the national government and national politicians. Romania still has a relatively good base, your overall level of indebtedness is relatively good and you also have a relatively good development, economic growth. It is our recommendation that you meet that 3 percent [budget deficit] target and I believe that both for this year and for the following year the conditions are in place for Romania to meet this 3 percent target, Gunther Oettinger said after a meeting in Parliament with members of the joint parliamentary committees for European Affairs, and Budget, finance and banks, respectively.

Oettinger made this statement in reply to a question about Eurostat data according to which Romania’s mid-year deficit had reached 4.1 percent.

The European Commissioner met with members of the expert committees to discuss the future goals of the EU and funding thereof.

The European budget is of great importance to Romania, it is of high relevance to matters related to infrastructure, particularly for the new member states. We are currently conducting a critical analysis of the subjects that need to be pursued in the future both in the context of the common agricultural policy and of the cohesion policy, as well as in research. The opinions and proposals that came from the joint committees here were very useful, Gunther Oettinger said.

At the talks on the next EU financial framework, Romania is playing an important role because in will be holding the Presidency of the Council of the European Union in the first half of 2019. My wish is that we complete the development of the European financial framework before the European elections to be held in June 2019, and this will require a close collaboration among the European institutions. In order to fulfill these tasks, I am here in Bucharest to discuss with Parliament representatives, to discuss with the President, the Prime Minister, to see where Romania’s support to this approach can fit in, Gunther Oettinger said.

 

“Romania evolves greatly in development of local administrations; there is potential to absorb EU funds more efficiently”

 

The European official added that the EU wants to simplify the procedures for allocating European funds, mentioning that Romania has evolved greatly in the development of local administrations and there is potential to absorb that money more efficiently.

“When absorbing European funds, emphasis is placed on the collaboration between the Romanian administrations and the EU clerks, and in this respect we, in the EU, want to simplify the procedures for the allocation of these support funds and these subsidies and to create simpler rules for all beneficiaries. We also want to school, to increase the degree of specialization of some clerks, not so much in the central administration in Bucharest but in the nationwide administrations to mediate this absorption process of funds,” Gunther Oettinger said after the meeting with the members of the Parliamentary Committees for European Affairs, for Budget and Finance, asked how Romania can absorb more European funds.

He emphasized that there is development potential for local administrations so that Romania should absorb European funds more efficiently.

“Romania has evolved a great deal in terms of the development of local administrations, but we must think that Romania has been a member of the EU for only 10 years, while other states have been for 60 years members of the EU and in this sense there is still potential to develop administrations so as to benefit from and absorb European funds more effectively,” added the European commissioner.

 

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