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Thursday, October 10, 2019

A lower European budget for 2021-2027? The cohesion policy at risk

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News Some Northern European Member States announced their will to lower the rate at which a budget can be allocated to Europe for the period 2021-2027. Cohesion policy aids managed by regions would be the first to be impacted.

Austria, Germany, Sweden, the Netherlands and Denmark have requested that the European Union (EU) budget should represent only 1% of the gross national income (GNI) of the 27 Member States (post-Brexit). The 2021-2027 budget proposed by the Commission last May corresponds to 1.11% of the EU-27's GNI. That is €1,279 billion euro less.

This proposal introduces a 10% reduction in funding for cohesion policy. The Finnish Presidency of the Council of the EU would even aim for a budget of 1.06% of the EU-27's gross national income. This would involve reductions of €60-70 billion euro, which would put additional pressure on cohesion policy (around €25 billion euro).

Cohesion policy is an essential contribution for the Regions. For example, the ERDF and the ESF have allocated €491 million euro to Brittany for the period 2014-2020.

Source :  Ouest France




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