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Slovakia to receive €13.5 billion from EU in 2014-20

SLOVAKIA should receive up to €20.3 billion from the European Union budget in 2014-20, with Slovak levies feeding back into EU coffers expected to equal €6.8 billion, according to the report drafted by the Finance Ministry and acknowledged by the government at its session on January 8.

SLOVAKIA should receive up to €20.3 billion from the European Union budget in 2014-20, with Slovak levies feeding back into EU coffers expected to equal €6.8 billion, according to the report drafted by the Finance Ministry and acknowledged by the government at its session on January 8.

“From the Slovak Republic’s standpoint, the agreement on the Multi-year Financial Framework for 2014-20 can be seen in a positive light,” reads the report. “The estimated net budgetary position of Slovakia toward the EU should equal €13.5 billion.”

Moreover, Slovakia is also set to receive €14.7 billion for cohesion policies in the foreseeable future. “Therefore, the Slovak Republic along with Romania, represents the most successful member states in terms of the relative increase of cohesion policy allocations in comparison with the 2007-13 Financial Framework,” the TASR newswire said, quoting the report.

Slovakia will also be able to draw financial resources in a more flexible manner in the sphere of agriculture. “The approved flexibility tool is to represent a significant boost to the growth and competitiveness of Slovak agriculture in the following years, as it will enable a shift of up to 15 percent of financial resources between funds,” according to the ministry. Member states in which direct payments have not reached 90 percent of the EU average will be allowed to shift 25 percent of financial resources from the Rural Development Fund to the Direct Payments Fund. Within the following seven years, Slovakia will be able to draw a total of €4.7 billion from this chapter.

(Source: TASR)
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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