Romania’s budget revision scheduled for November, says minister Dragu

Newsroom 20/10/2016 | 11:04

The Government will make a new budgetary revision in November. As part of this move, money will be taken from the investments projects that have weak implementation chances and will be distributed to the ones with a better implementation outlook, said on Wednesday the minister of Finance, Anca Dragu.

“We make an analysis at the adjustment on the investments projects that the ministries had in development and where there are no reasonable chances for the project to be implemented, of course this money is redistributed to the projects whose implementation is better,“ said Dragu.

Regarding the budgetary deficit for this year, the minister said that the established target won’t be changed, but an analysis will be made based on the current data for establishing if it’s under the established target because of the underachievement of some investments.

Georgiana Bendre

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