Analysis of the Stage of Absorption of European Funds

Abstract

The article presents an analysis on this topic, an important topic, because the European funds constitute the essential financial resource, part of the investment strategy, but also of the budgetary sustainability with multiple effects that contribute to the economic and social development of Romania. It should also be taken into account that anyone can become a beneficiary of a project financed from these funds, considered an important engine of growth, with positive consequences on the standard of living and the viable growth of the economy. The general objective of the article is to analyze the level of absorption of these funds with impact on the economy, infrastructure and the reduction of regional disparities. We can conclude that an efficient use of these funds is crucial for Romania's regional and economic development, to which is also added the increase in absorption capacity, which will ensure local public authorities an adequate level of funding sources.

Keywords

• absorption, budget, european funds