EUROPEAN UNION’S PRIORITIES FOR THE 2014 – 2020 MULTIANNUAL FINANCIAL FRAMEWORK IN ROMANIA

The European Union (EU) budget is one of the most concrete instrument in order to boost investments. In some of European regions, the EU budget is the only way to get public investment because there are not enough sources at national level. In this context, the 2014 – 2020 Multiannual Financial Framework it’s a spending plan that translates the European priorities into financial terms and draws the basic lines for the annual budgetary exercise. It sets the maximum annual amounts which the EU may spend in different political fields for the benefit of 500 million Europeans. For Romania, the priorities from the next Multiannual Financial Framework are considered a crucial issue regarding the sustainable regional development that is both needed, and desired.