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EC budget project 2021-2027: Romania will benefit by 8% more funds

By Edwig Ban
For the first time in the history of the European Union, Cohesion Policy will have the most important allocation of 374 billion euros for the period 2021-2027.
"... For the first time in the history of the European Union, the Cohesion Policy will have the most significant allocation of € 374 billion for the period 2021-2027 for the 27 Member States (unfortunately the UK will leave the European project in March 2019).There were no easy negotiations, given the departure of the second net contributor to the EU Budget and the need to introduce new priorities. The allocation for Romania in terms of the funds I manage amounts to almost 31 billion for the period 2021-2027, about 8% more than the 2014-2020 period ... ", says Corina Creţu, Commissioner for Regional Policy.
Earlier this month, the European Commission presented for the first time in its proposal its proposal for the EU's new long-term budget, both in current and constant prices in 2018. On Tuesday, the Commission published all figures relevant to the various expenditure programs, both in current and constant prices in 2018.
Under the EU's next long-term budget for 2021-2027, the Commission proposes to modernize cohesion policy, the EU's main investment policy. Under these proposals, cohesion funds will be increased for Italy and other southern continental Member States affected by the economic crisis and the wave of migrants, while at the same time reducing funding for poorer regions in the eastern states of the EU bloc.
According to community sources, Poland can expect a 23% reduction in cohesion funds, while a 24% decrease is envisaged for Hungary. Instead, Italy can expect an increase of 6%.
The budget for the period 2021-2027, the first time the UK will leave the EU, would grow to 1.100 billion euros, from 1,000 billion euros in the current seven-year period. The Commission's proposals aim at allocating more resources to research, security and the digital economy, as well as limiting funds for the poorer regions and farmers.
"We are proposing a cohesion policy for all regions that will leave no one behind. We have improved the flexibility of this policy in order to adapt it to the new priorities and to increase the protection of EU citizens. to benefit everyone, from small businesses to entrepreneurs and schools and hospitals, which will be able to get more money, "said Regional Policy Commissioner Corina Cretu.
Among the main elements of the Commission's proposal for the modernization of cohesion policy is an adapted approach. Cohesion policy classifies the regions into three categories: less developed regions, transition regions and developed regions. GDP per capita remains the main criterion for allocating the funds needed to reduce disparities and help regions with low incomes and growth to catch up. New criteria have also been introduced to better reflect the reality of the field, namely youth unemployment, low education, climate change and the reception and integration of migrants.

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