Teodorovici: The Government’s reserve fund is empty

Aurel Dragan 30/08/2018 | 16:39

The Government’s reserve fund is empty, even if at the beginning of the year it had at least 100 million euros, said Eugen Teodorovici, the Minister of Finance on Antena 3 tv. 

The problems that emerged throughout the year consumed the money in just eight months, the minister said. The amounts in this fund can be used only in difficult situations and only when all other sources of funding have been exhausted.

“We have all made floods, natural calamities, swine fever, so they have fed this kind of situation. The amounts were over, I think, 600 million lei only for natural calamities. Events that have not been predicted since last year when the 2018 budget was made, “said Finance Minister Eugen Teodorovici.

BR Magazine | Latest Issue

Download PDF or read online: November 2022 Issue | Business Review Magazine

The November 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Samsung Remains Top Consumer Tech Provider on Romanian Market.” Read
Aurel Dragan | 29/11/2022 | 10:17

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of business-review.eu
    I agree with the storage and handling of my data by business-review.eu
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue