Prime Minister Marcel Ciolacu announced on Monday that data for the first quarter of the year shows a 70 percent increase in the execution of investment expenses compared to the same period last year, noting that the fast pace of investments will be maintained so that the projects expected by the citizens are expeditiously completed and resources are used as efficiently as possible.

According to a government release, during the Executive’s working session on Monday, the prime minister analyzed together with the ministers who have the largest projects in their portfolio the situation of the implementation of public investments.

„For this year, we have the largest allocation for investments from national and European funds. Figures for the first quarter of the year show a 70 percent increase in the execution of investment expenses compared to the same period last year. We will keep up the fast pace of investments both in order to complete as quickly as possible the projects the citizens naturally expect – transport, medical care, education infrastructure, energy and digitization investments – but also in order to use resources as efficiently as possible,” Ciolacu said according to the cited source.

The government also specifies that, according to the end-of-March budget execution, expenses for investments, which include capital expenses, as well as those related to development programs financed from domestic and foreign sources, stood at RON 22.50 billion, being 1.7 times higher than in the same period of the previous year, when they amounted to RON 13.16 billion.

AGERPRES