Ponta: It is better to have 2% deficit instead of 1.4% but to absorb 7-8 billion euro
Monday, October 27, 2014
Premier Victor Ponta declared he had no idea how he could allocate in next year’s budget money to co-finance 50% of cohesion funds and said it would be better for Romania to have a 2% deficit instead of 1.4% but to attract 7-8 billion euro from European funds. He showed, in the speech held at the EU-South East Europe Summit from Bucharest that Romania is close to a 50% absorption rate for European funds but has to ...