Boc added that EU fund absorption is necessary to create jobs.

Another objective, according to Boc, will be supporting investments, with EUR38.1 billion to be allotted for this purpose from the budget this year.

The prime minister said recently that Romania posted economic growth close to 2% in 2011 and it has kept the budget deficit below the target of 4.4% of the gross domestic product, while one of the main goals for this year is attracting EUR6 billion in EU funds, corresponding to an absorption ratio of 20%.

He also said reimbursements from the European Commission remained low by the end of last year, so Romania runs a major risk of losing funds, unless the absorption rate is improved in 2012. In 2011, the Commission disbursed EUR700 million to Romania.

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