Poland to receive EUR 105.8bn within EU's 2014-2020 financial framework.

By bne IntelliNews February 11, 2013
Within the European Union's new multiannual financial framework for 2014-2020, Poland will receive a total of EUR 105.8bn of funds, or PLN 441bn, (vs. EUR 101.5bn in the 2007-2013 framework), according to PM Donald Tusk. Under the agreement reached at the EU summit, Poland will receive EUR 72.9bn (or PLN 303.6bn, vs. the government's earlier pledges of PLN 300bn of theses funds) in cohesion funds and EUR 28.5bn under the common agricultural policy (vs. EUR 26.9bn in the previous framework). Tusk believes that the European Parliament, which will now decide on the fate of the agreed EU budget, will not want to block the realisation of this framework and he deems that reaching agreement on the issue is imminent. However, the opposition pointed out that at the same time that Poland's premium to the EU budget will also increase (to EUR 3.8bn). In general, the deal reached at the European Council limits the maximum possible expenditure for the enture EU (of 28 member states) to EUR 959.99bn in commitments, corresponding to 1.0% of the EU's Gross National Income (GNI). This means that the overall expenditure ceiling has been reduced by 3.4% in real terms, compared to the current MFF (2007-2013), according to the summit's documents.

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