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Investments of RON 67 billion at end of August, over RON 110 billion by end of year

October 23, 2024

The dynamics of public investments was much higher this year, in the conditions in which, in the budget execution account, Romania recorded, at the end of August, 67 billion RON of investments made from both European and national funds, he announced on Tuesday the minister of Finance, Marcel Bolos, during the "RoInvest - 5th Edition" conference, organized in Bucharest on Tuesday."We had a much higher dynamic in 2024, for the pace of public investments, and in the budget execution account, at the end of August, we recorded 67 billion RON, investments made from both European and national funds. For which means the evolution until the end of the year and, of course, the implementation of this ambitious public investment budget, the figures show us that we will easily exceed 110 billion RON. There are projects that, whether we are talking about the highway infrastructure or the the railway or the other investments that are made in the field of education, but also in the field of health, are the backbone of Romania's development," said Marcel Bolos.According to him, the public investment budgets for the years 2025, 2006, 2027 "are extremely ambitious"."Over 150 billion RON will be allocated from the state budget in the form of co-financing, as well as expenses that represent Romania's contribution to the cohesion policy, to the National Recovery and Resilience Plan, and to the Anghel Saligny National Program. perspective, as a percentage of GDP, in the coming years we will reach up to 8% allocation of these budgets. The good part is that, if until yesterday we did not have budget execution on investments - and the budget corrections from the previous years were done through money cuts from investments, because the money was not used - now this is no longer in question. Our last budget rectification, the one from yesterday, assumed an increase of 20 billion RON for investments financed from European funds," the minister added.

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