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Budgetary Expenses Must Increase, EC Official Says
Romania must increase its budgetary expenses up to 10 per cent of the GDP, in order to benefit from the advantages of the member of the European Union status, according to Jonathan Scheele, the Head of the European Commission Delegation to Bucharest, Nine o'Clock reports.


The European official showed that the share of budgetary expenses in the GDP is lower in Romania than in the EU member states, but also lower than Bulgaria.

“Romania is the last, thus it must increase the expenses from 30 per cent to 35 per cent, and, eventually to 40 per cent of the GDP,” stated Scheele during a visit to Braila.

Romania needs financing sources for paying its contribution to a series of projects, however the European officials showed that the high level of corruption and the low capacity of the administration will burden the absorption of funds.

Analysts claim Romania will have to increase the expenses level in order to attract funds for infrastructure rehabilitation.

According to Scheele, the EU has assigned approx €60 mn for projects for education and real estate fields in Braila.

source

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