MEF: The rate of absorption of European Funds on March 31st is 53%

Current absorption rate of structural and cohesion funds reached 53.12% at 31 March 2015. The amount requested for reimbursement from the European Commission last month increased with 100 million.

Total payments made to beneficiaries, including pre-financing and reimbursements, amounted to about 12 billion euros, of which the EU contribution was about 10.76 billion euros.

At this time, the financing contracts signed with beneficiaries eligible expenditures totaling approx. 26.4 billion euros of EU funds represent about 20.7 billion, corresponding to 109% of the 2007-2013 allocation.

“Starting from the idea that we have an absorption rate to fall this year in the range of 60% – 80%. Sustained efforts are made because 2015  is the last year that we can spend the funds allocated by the EU for the programming period 2007-2013, “said Minister of European Funds, Marius Nica.

The details were published on the website of the Ministry of European Funds, www.fonduri-ue.ro – “Stage absorption”.

Source: Ministry of European Funds