Drawing of EU funds reached 56.7 percent as of July

SLOVAKIA had drawn a total of €6.587 billion euros after a reduction by discrepancies from European Union funds in the programming period 2007 to 2013 within all 14 operational programs as of late July.

SLOVAKIA had drawn a total of €6.587 billion euros after a reduction by discrepancies from European Union funds in the programming period 2007 to 2013 within all 14 operational programs as of late July.

The utilisation rate thus represents 56.7 percent of the total commitment of almost €11.619 billion, the SITA newswire reported.

The drawing of EU sources increased by €135.69 million (or 1.17 percentage points) from the end of June.

On a yearly basis, the drawing of EU funds increased by €1.592 billion (31.9 percent) and the utilisation rate improved by 13.75 percentage points, SITA reported.

In view of the possibility of advance financing from the state budget, beneficiaries received funding totalling nearly €6.824 billion for implementation of projects by the end of July, according to the Finance Ministry. This increased the overall drawing to 58.74 percent.

Compared with the end of June, this is an increase by €117.75 million (or 1.02 percentage points).

The state’s co-financing of projects totalled €1.098 billion, which is 55.9 percent of the overall commitment of €1.968 billion. Compared with June, national spending rose by €22 million or 1.12 points. Discrepancies and refunds reached €43.07 million, which is the same as in June and represents 3.92 percent of the co-financing volume.

Source: SITA

Compiled by Michaela Terenzani from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information
presented in its Flash News postings.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Which companies in Slovakia does Brexit put in jeopardy?

Slovakia's car industry already faces lower demand in Britain.

Constitutional Court hearings: The vote is a political affair, Fico says

MPs grilled the Constitutional Court candidates, former prime minister was the highlight of day one.

Robert Fico at the public hearing of candidates for the Constitutional Court judges.

Fire damages a dormitory in Bratislava

Firefighters had to evacuate 60 students overnight, with two seriously injured.

Too cool for school?

Fico seems to think the rules don’t apply to him. But he wants to judge everyone else.

Robert Fico at the hearing.