{"id":1072,"date":"2024-07-26T09:02:56","date_gmt":"2024-07-26T09:02:56","guid":{"rendered":"https:\/\/ofero.news\/?p=1072"},"modified":"2024-07-26T09:02:56","modified_gmt":"2024-07-26T09:02:56","slug":"romania-spent-only-8-of-eu-backed-recovery-and-resilience-facility-funds","status":"publish","type":"post","link":"https:\/\/ofero.news\/?p=1072","title":{"rendered":"Romania spent only 8% of EU-backed Recovery and Resilience Facility funds"},"content":{"rendered":"<p>Romania has spent the equivalent of 8 out of 100 euros from the EU-backed National Recovery and Resilience Plan, or PNRR, a set of preferential loans and grants given to EU members to boost their post-pandemic economic recovery, according to <a href=\"https:\/\/www.zf.ro\/eveniment\/update-la-zi-al-pnrr-romania-a-cheltuit-pana-in-acest-moment-2-4-mld-22443907\">Ziarul Financiar<\/a>.<\/p>\n<p>The PNRR has two main components: one, in which the government must meet targets and milestones to attract funds, and the second involves the actual spending of the money.<\/p>\n<p>So far, about EUR 9 billion have been received into Romania\u2019s accounts, but only EUR 2.4 billion have been spent.\u00a0Only 70 out of 518 targets have been met, indicating a completion rate of less than 14%.<\/p>\n<p>The funds are conditional on several major reforms and are disbursed gradually as these are done. The third payment request, worth EUR 2.7 billion, including pre-financing, has been under review by the European Commission for more than half a year.\u00a0<\/p>\n<p>In two and a half years since Romania received the first funds from the PNRR, 8% has been spent, according to data aggregated by\u00a0Ziarul Financiar\u00a0from the budget execution published by the Ministry of Finance. In the remaining two and a half years, when the period for using the funds ends, the remaining 92%, or over EUR 26 billion, must still be spent.<\/p>\n<p>Prime minister Marcel Ciolacu said he cannot reduce the budget deficit because he would then have to forgo co-financing for European projects. The figures, at least regarding the PNRR, show that the funds have largely not been spent, so co-financing from the state budget has not been necessary.\u00a0<\/p>\n<p><em><a href=\"mailto:radu@romania-insider.com\">radu@romania-insider.com<\/a><\/em><\/p>\n<p><em>(Photo source:\u00a0Marian Vejcik |\u00a0<a href=\"https:\/\/www.dreamstime.com\/\">Dreamstime.com<\/a>)<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>Romania has spent the equivalent of 8 out of 100 euros from the EU-backed National Recovery and Resilience Plan, or PNRR, a set of preferential loans and grants given to EU members to boost their post-pandemic economic recovery, according to Ziarul Financiar. The PNRR has two main components: one, in which the government must meet [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1072","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/1072","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1072"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/1072\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}