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Economy

Even less money in the EU budget

19:16

Even less money in the EU budget
source: Pixabay

European funds in the budget outlook may shrink by €10 billion a year, Dziennik Gazeta Prawna reports. Such a proposal was supposed to be brought to the EU negotiating table. The cuts would result from the reduction of the membership fee, which is demanded by some of the net contributors, such as the Netherlands, Denmark, and Austria. Instead of the 1.1 percent of Gross National Income (GNI) contribution proposed by the European Commission, the payment would be 1.06 percent.
”It would be difficult to reach a compromise between the interests of various parts of the EU. Without an adequate adjustment, the agreement will not be possible,” Konrad Szymański, Deputy Minister of Foreign Affairs, said.
The reduction of the contribution would probably mean cuts in the most important European policies: cohesion and the common agricultural policy. Poland is their largest net beneficiary.

(Business Insider)

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