Romanian Pattern in Absorption and Management of European Structural Funds - A Critical Analysis -

Abstract

The decisions in the cohesion policy have a significant impact upon theoffer and supply, in a way that, under the influence of the multipliers, theyconstantly reconfigure the components of the internal consumption (such asinvestments, private consumption and imports), and the components of the finaloutput and national income as well. Because of the short-term synergy effects ofthese actions, which determines the structure and the quality of the potential offer,the substantiation of these decisions ensure more importance and complexityconcerning the responsibility of the macroeconomic management. The allotting ofcohesion and structural funds is one of the significant directions of implementationof the budgetary policy of redistribution through the European Union budget. Asessential instruments in making the expenses for structural adjustment andharmonization operations, these funds are meant to homogenize and consolidate anas high as possible social and economic standard in that particular beneficiarystates. Since the greatest part of these funds is directed through the central nationalbudgets, these have to be large enough and the governmental management –sufficiently well structured and responsible, so as to ensure both the necessary cofundingin applying the projects, and the implementation of the wish for prosperityof the fund benefiting community.

Keywords

• structural funds
• cohesion policy
• institutional responsibility
• access
• absorption