According to the annual report of the Court of Accounts, the level of execution of capital investment expenditures does not reach the planned values. The envisaged volume of capital investments for 2024 was executed by 86%, which amounted to about 1.6 billion lei. At that, 85% of the funds came from external sources.
At the same time, only 29 out of 50 projects were realized by 90-100%, while 5 projects were not spent. Among the institutions with the lowest implementation rate of investment projects: the Ministry of Health – 24.4%, the Ministry of Economic Development and Digitalization – 53% and the Ministry of Education and Research – 57.6%.
The main reasons for non-implementation of capital expenditures were delays in the ratification of financing agreements, failure to fulfill the preconditions for their entry into force. Also intervening are technical and administrative shortcomings, such as lack of complete project documentation, delays in public procurement procedures or lack of appropriate bids.
Following the amendments to the spending plan, 25 investment projects worth 607.2 million lei (31.9% of the initially approved amount) were excluded from the list last year. At the same time, 10 new projects worth 260.8 million lei were included, of which 253.6 million lei, or 97.2%, are allocated from funds financed from external sources.
The capital investments were mainly directed to the road infrastructure. At the same time, the Road Development program accounted for 74% of the total expenditures. Other important areas of resource allocation were the program “Support for national defense services” – with a share of 15.7%, the program “Water supply and wastewater disposal” – 4.4%, as well as the program “Sustainable development of phytotechnics and horticulture sectors” – 1.9%.
