Thursday, October 10, 2019
A lower European budget for 2021-2027? The cohesion policy at risk
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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