Articles taggés avec ‘Bulgaria’

EU Funding: Budget report 2007 confirms better management but warns time is running out for unspent funds

Vendredi 27 juin 2008

The latest data on EU spending shows, once again, the growing trend for higher investment in long-term economic progress and employment

The Financial Report 2007 also reveals how the first budget of the new programming period 2007-2013 and of an enlarged EU-27 saw the share of funds for new members increase, while the biggest overall recipients remained the same as 2006. High spending (almost the entire 2007 budget left EU coffers) confirms active budget management is bearing fruit. However lessons for future spending must be drawn from the unspent funds on which Member States lost out last year. Ensuring the continuous, effective absorption of all funds is vital.

Out of the €114 bn spent in 2007, a massive €44 bn (38.4%) went on growth and employment – a 3.7% rise on 2006 and higher than funds for farming, where market expenditure and direct payments enjoyed almost a €43 bn share (37.4%). 2007 also saw 10.5% (€12 bn) of EU cash go on rural development, fisheries and environment and over 5% (€7.3 bn) was spent on EU actions abroad.

Most of the 2007 funds - over 92%, or €105 bn – were spent on the ground in the EU’s 27 Member States with the four biggest recipients taking almost half of the total budget. France held on to its position of overall top recipient, with €13.9 bn, followed by Spain (€12.8 bn), Germany (€12.5 bn) and Italy (€11.3 bn). The EU-12 made steady ground with their share of spending growing from 12.9% in 2006 to 17% in 2007 –five and a half billion more. Poland benefited most, receiving €7.8 bn (7.4%).

The division of payments for agriculture and cohesion show a similar picture to 2006. For farming and rural development, France stayed in first place, taking more than €10 bn - nearly 20% of agricultural spending. Spain followed with €7 bn (12.9%) then Germany with €7 bn (12.8%). Italy and the UK were next in line with €6 bn (11%) and 4.2 bn (7.9%) respectively. Of the EU-12, Poland received the biggest share, €3.1 bn (5.8%). As in 2006, the top cohesion policy beneficiary was Spain, taking €5.4 bn or 14.7%. Greece moved up to second place with €4.6 bn (12.4%), followed by Italy and Germany. Poland also moved up the cohesion policy ladder, ahead of Portugal, France and the UK.

However, 2007 also saw €227m lost in unspent funds from the previous programming period (2000-2006). Under the n+2 rule, Member States lose committed money that is not claimed as a payment within two years. The highest 2007 loss was €66m for Germany, but the largest share lost was in Luxembourg: €3.5m - nearly a quarter of their funding - and the Netherlands which lost €19.9m, over 4% of its total funding. The only EU-12 losers were Slovenia (€0.2m) and Slovakia (€1.4m). From the EU-15 only Ireland and Finland avoided any losses.

Speaking to the media, Commissioner Grybauskaitė stressed how the loss of funds in 2007 serves as a harsh warning for next year.

Although the budget 2007 grew by €8 bn (+6.9% on 2006), it remained stable in terms of EU wealth, staying at 0.93% of EU GNI like the previous year. The nominal increase was mainly due to the arrival of Romania and Bulgaria.

 
  Source:
Press Room - European Commission

Zemanta Pixie

Balkans: first regional meetings on cross border cooperation, sustainable development, territories and decentralized cooperation

Lundi 19 mai 2008

First event of the French Presidency of the EU, this meetings will be held on 3rd and 4th July 2008 in Sofia, Bulgaria

 
  Source:
French Association of European cities and Regions Council