Prima pagină » English » Romanian Ministries Obliged To Ensure Co-Funding For EU-Funded Projs

Romanian Ministries Obliged To Ensure Co-Funding For EU-Funded Projs

Romanian ministries will be obligated in 2009 to ensure in full and as top priority funds needed to co-finance programs benefiting from external financing and are banned from redistributing this money to other projects in “budget revisions throughout the year".
Romanian Ministries Obliged To Ensure Co-Funding For EU-Funded Projs
31 ian. 2009, 19:14, English

According to the 2009 state budget draft obtained by MEDIAFAX, ministers are obligated, when they approve budget expenses, to ensure in full and with priority funds needed to co-finance programs and projects with international financing, as well as funds needed to meet commitments undertaken by Romania upon EU accession.

Moreover, the money assigned for projects financed with non-reimbursable post-accession funds cannot be redistributed to other purposes at budget revisions throughout the year and cannot be transferred to the government’s budget reserve fund.