Mrs. Ioana Muntean: Good afternoon. I will start with a Decision that has been endorsed today for the approval of the limits for reimbursable financing contracted by territorial –administrative units. Thus, to fit into the general consolidated budget, there are yearly set limits for reimbursable financing that are to be contracted by the administrative – territorial units and also limits for the withdrawals that can be made from these reimbursable financing.
In 2009, the limit of this sum was set at 2, 5 billion lei. This year, the ceiling will be 1,6 billion lei, and withdrawals can be made in the limit of 1, 3 billion lei. In this limit of 1.6 billion lei, for 2010, it sets limits on types of local units. They are determined according to the share of local budgets revenues achieved in 2009 in aggregate revenues of local budgets throughout the country, as follows:
- for communes: the limit falls from 457,50 million in 2009 to 275,39 million RON in 2010;
-for towns: from 191 million RON to 119,6 million RON;
-For municipalities: from 850 million to 545.28 million lei;
- For counties: from 287 million lei to 223,29 million lei;
- For Bucharest municipality and its sectors: from 714.5 million lei to 436,44 million lei.
Financing and withdrawals that may be incurred by local authorities are authorized by the Commission for authorizing local loans, which assesses the impact of these reimbursable financings on public expenditure and budget deficit.
Limits stipulated in Decision do not include reimbursable funding for pre-financing and co-financing of projects that benefit from non – refundable funds from the European Union.
Today, the Government has decided that the 10 chief credit officers of the state budget, that are beneficiaries of the largest budgetary allocations this year, to provide medium-term expenditure framework, namely for the period 2011-2013.
There are considered the following 10 ministries:
Ministry of Labour, Family and Social Protection;
Ministry of Education, Research, Youth and Sports
Ministry of Transport and Infrastructure
Ministry of Administration and Interior
 Ministry of Agriculture and Rural Development
Ministry of National Defence
 Ministry of Health
 Ministry of Regional Development and Tourism
Ministry of Economy, Trade and Business
Ministry of Environment and Forests

The medium-term expenditure framework, which the 10 chief credit officers will present, will be part of the Strategy for 2011-2013 according to budgetary fiscal responsibility law.
The plans for budgetary resource allocation that the 10 Ministries will put forward, will include priorities for expenditure, a detailed program of public investment as a way to establish a clear prioritization of major investment projects in infrastructure and other areas that can bring added value to the economy.
The Government decision aims to reduce the costs of consulting, redesign, studies so that funds are directed to complete as many investment projects as possible. For fiscal-budgetary strategy to be the correct one, in each of the 10 ministries, there will be designated persons to keep in touch with the Ministry of Finance.