RAS Report on Romania’s Inefficient Spending of European Funds

For a state struggling to pay the pensions and salaries of its civil servants, Romania looks as if it’s living through an absurd drama. It has funds for various investments but is unable to make use of them. It must spend no less than €15 million per day until 2015 in order to absorb the total funds allocated by the EU for the budgetary exercise of 2007-2013, and judging by the fact that the present absorption rate is €1.13 million per day, under the “no policy action scenario,” the prospect of full absorption seems completely unrealistic.
In fact, after four years of EU membership, Romania has spent only 8.6% of the total allotted funds for the 2007-2013 budgetary cycle. Nor is Romania’s position encouraging from an international perspective, for, together with Bulgaria, our country sits at the very bottom of the new member state ranking. The average absorption rate of the other EU-8 countries for the same period is around 22%.

Based on the most recently released data, Romania could lose money in the fields of transport, administrative capacity and technical assistance. However, an internal comparison of the implementation of the seven Operational Programs (OP’s) throws a different light on the Romanian case, although with variable results.

One Response to RAS Report on Romania’s Inefficient Spending of European Funds

  1. Andrei says:

    Cum sa cheltui niste bani atata timp cat este verificat cum ii cheltui. Statul roman s-a obisnuit sa cheltuie banii intr-un mod complet netransparent, cu amicii politici sau cu cei care vireaza mai multi bani in diverse conturi bancare.
    In orice caz, daca s-ar verifica cum trebuie toate proiectele desfasurate in mediul privat cu bani europeni cred ca in mai mult de 90% din cazuri s-ar descoperi cazuri de frauda, cea mai simpla fiind achizitia de bunuri sau servicii supraevaluate de minim 2 ori.

Leave a Reply

Your email address will not be published. Required fields are marked *