In this research, is presented a model for evaluating the impact of European funds on the socio-economic development of Neamț County in Romania. This model is based on the use of the social accounting matrix method, a sophisticated impact analysis technique that integrates financial, social and economic data to assess the positive effects generated by European funds in rural communities. The social accounting matrix method offers a comprehensive and detailed approach to impact assessment, allowing the complex analysis of interactions between different aspects of socio-economic development, based on tracking the flow of financial, material and human resources within a community or region, so as to identify the direct, indirect and induced effects of the intervention, in this case, the european funds. The main utility of the social accounting matrix method lies in its ability to quantify and analyze the contribution of European funds to economic growth, to improving the standard of living of the population and to the development of local infrastructure, and through this approach, we can focus on evaluating significant changes in key indicators, such as gross domestic product, employment, local infrastructure, and to better understand how these changes influence the quality of life of the residents of Neamț County. The results obtained by applying the social accounting matrix method will provide essential information for the development of effective public policies and for optimizing the use of European funds in order to maximize social and economic benefits in Neamț County. This in-depth analysis will provide local and regional authorities with appropriate tools for decision-making and for monitoring progress in terms of socio-economic development in the context of European funding.