News » March, 2011 » 14 March 2011
Romanian Govt Transfers EUR90M To Local Auth, Most Run By Ruling Party
14.03.2011, 14:43 | Finance-Banks | 859 views
Romania's Government has transferred around EUR90 million to local authorities, for infrastructure development projects and the construction of sports centers in rural areas, with most of the money going to units administered by the ruling Democratic Liberal Party (PDL). The money comes from VAT collections and aims to fund "eligible" investment applications, according to a Government decision. Such decisions have been approved by the Government before - in 2010 and in 2009 - when VAT collections were transferred to a number of local authorities, mostly run by PDL, to finance current and capital expenses. Read more on Mediafax.ro
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