The Government extended the Common Program Document for 2013 – 2015 until 2016. The document includes regional development projects that are to be implemented. These are financed with money from the National Regional Development Fund, which represents 1% of the state budget incomes for a particular year, IPN reports.
The Common Program Document for 2013 – 2015 contained 64 projects of regional importance to supply drinking water, to build important segments of roads, to rehabilitate tourist facilities and parks and to construct infrastructure designed to support the development of businesses in regions. Their value was estimated at 1.25 billion lei. A sum of 556 million lei was allocated from the National Regional Development Fund in the period.
Owing to the unfavorable economic conditions and the insufficiency of internal and external resources for avoiding financial blockages generated by the non-provision of money to the budget-funded sector, the allocations from the National Regional Development Fund in 2015 were reduced by 25%.
Therefore, 17 projects included in the Common Program Document weren’t implemented. The extension will allow putting these into practice. The Ministry of Regional Development and Construction and the Regional Development Agencies are looking for internal and external funds for implementing the projects.
