The Government showed the International Monetary Fund and European Commission a first evaluation of the projects financed exclusively by the state, to serve in discussing the draft budget for 2013.
Some RON31 billion of the projects’ RON36 billion allocation is left to be sent over the next four years. Half of the projects need 97% of the total amount and the government will attempt to reduce their budgets, change the contracts or stop the investments, said state secretary Liviu Voinea.
The analysis targeted only efficient resource allocation, not profitability or social utility, and decisions regarding each individual project will be made jointly with other ministries.
The reevaluation will carry on with investments financed from local budgets, Voinea added.
He also said the IMF and the Commission have consented to the creation of a specialized authority, within the Finance Ministry, to evaluate public investments. (EUR1=RON4.5186)