The Impact of EU Funds on Romanian Finances
The EU budget negotiations for the 2014-2020 period are of great importance as they set political priorities for future years. As a net beneficiary of EU funds, Romania favours an increase in the size of the EU budget. Adopting such a position, however, would make little sense unless the absorption...
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| Format: | Article |
| Language: | English |
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European Institute of Romania
2013-06-01
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| Series: | Romanian Journal of European Affairs |
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| Online Access: | http://www.ier.ro/documente/rjea_vol13_no2/RJEA_2013_vol13_no2_art1.pdf |
| _version_ | 1798045572272226304 |
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| author | Laurian Lungu |
| author_facet | Laurian Lungu |
| author_sort | Laurian Lungu |
| collection | DOAJ |
| description | The EU budget negotiations for the 2014-2020 period are of great importance as they set political priorities for future years. As a net beneficiary of EU funds, Romania favours an increase in the size of the EU budget. Adopting such a position, however, would make little sense unless the absorption rate, which in 2012 was by far the lowest in the EU, increased at an impressive pace over the coming years. A higher EU budget would lead to an increase in Romania's financial commitments, with annual domestic budgetary costs raising between 0.1- 0.2% of GDP. This would pose additional challenges in maintaining the Fiscal Pact' budget ceiling. |
| first_indexed | 2024-04-11T23:23:08Z |
| format | Article |
| id | doaj.art-4a2eade2bfbe43c88ab4f75a6b4d3b53 |
| institution | Directory Open Access Journal |
| issn | 1582-8271 1841-4273 |
| language | English |
| last_indexed | 2024-04-11T23:23:08Z |
| publishDate | 2013-06-01 |
| publisher | European Institute of Romania |
| record_format | Article |
| series | Romanian Journal of European Affairs |
| spelling | doaj.art-4a2eade2bfbe43c88ab4f75a6b4d3b532022-12-22T03:57:23ZengEuropean Institute of RomaniaRomanian Journal of European Affairs1582-82711841-42732013-06-01132527The Impact of EU Funds on Romanian FinancesLaurian LunguThe EU budget negotiations for the 2014-2020 period are of great importance as they set political priorities for future years. As a net beneficiary of EU funds, Romania favours an increase in the size of the EU budget. Adopting such a position, however, would make little sense unless the absorption rate, which in 2012 was by far the lowest in the EU, increased at an impressive pace over the coming years. A higher EU budget would lead to an increase in Romania's financial commitments, with annual domestic budgetary costs raising between 0.1- 0.2% of GDP. This would pose additional challenges in maintaining the Fiscal Pact' budget ceiling.http://www.ier.ro/documente/rjea_vol13_no2/RJEA_2013_vol13_no2_art1.pdfEU budgetfinancesEU fundsFiscal Pactemployment |
| spellingShingle | Laurian Lungu The Impact of EU Funds on Romanian Finances Romanian Journal of European Affairs EU budget finances EU funds Fiscal Pact employment |
| title | The Impact of EU Funds on Romanian Finances |
| title_full | The Impact of EU Funds on Romanian Finances |
| title_fullStr | The Impact of EU Funds on Romanian Finances |
| title_full_unstemmed | The Impact of EU Funds on Romanian Finances |
| title_short | The Impact of EU Funds on Romanian Finances |
| title_sort | impact of eu funds on romanian finances |
| topic | EU budget finances EU funds Fiscal Pact employment |
| url | http://www.ier.ro/documente/rjea_vol13_no2/RJEA_2013_vol13_no2_art1.pdf |
| work_keys_str_mv | AT laurianlungu theimpactofeufundsonromanianfinances AT laurianlungu impactofeufundsonromanianfinances |