Loading ...The two officials also mentioned the drawing of European funds, by which the authorities can boost the economy without affecting the budget deficit and without making the public debt deeper, given that the funds are non-repayable.
State secretary at the Public Finances Ministry Bogdan Dragoi said that contracts worth four billion euros have been signed up until now for European funds, but he added that organizing the public acquisition auctions and solving the challenges to such auctions take several months.
The International Monetary Fund and the European Commission have recently revised Romania’s economic growth projection for 2010 to one percent. The Romanian National Commission for Projections anticipates in its preliminary autumn forecast that the Romanian exports will drop by 15.5 percent this year, from 33.62 billion euros in 2008 to 28.6 billion euros.
As for 2010, the exports are put at 28.97 billion euros, up by 1.3 percent on 2009. The upward trend will keep on in the coming years and will take the volume of exports to 73.9 billion euros in 2020. The highest growth pace will be posted in 2015, at 10.8 percent, the Commission said.
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