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PM Ciolacu had a meeting at the Victoria Governmental Palace with a World Bank delegation
The amounts earmarked for investments hold an important share in the budget structure in 2024, more than 7% of the GDP, Prime Minister Marcel Ciolacu said during a meeting at the Victoria Governmental Palace on Wednesday with a World Bank delegation led by World Bank's Country Director for the European Union Marina Wes.
According to a Government press release, the preparation of the budget for the year 2024 was an important part of the discussions, with the prime minister presenting on this occasion the objectives pursued by the Government in the configuration of the budget allocations for next year.
"The amounts earmarked for investment occupy an important share in the budget structure for 2024, of over 7% of the GDP. The government is also considering introducing a set of new measures to combat tax evasion and setting up an inter-institutional structure to ensure consistency in the implementation of these measures," the prime minister is quoted in the press release as saying.
Marcel Ciolacu highlighted the efforts made to increase the absorption rate of European funds, showing that Romania will end the current financial year with an absorption rate of about 97%.
World Bank's country director Marina Wes voiced the WB's willingness to continue to support the Romanian authorities, both in terms of making tax collection policies more efficient and combating tax evasion, the press release said.