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Economy & Policy

EP votes to increase cohesion funds by EUR 3 billion in 2020

The European Parliament plenary has voted in favor of Tamás Deutsch's proposal to increase cohesion funds by EUR 3 billion in 2020.

The EUR 3 billion increase will ensure that sufficient resources are available to pay for projects already implemented by EU member states.

After the vote, Fidesz MEP Tamás Deutsch said that it is a major breakthrough that after the EPP and then the European Parliament’s Committee on Budgets, the EP plenary also recognizes the need for more money to implement regional development programs in 2020. 

The MEP said it is important in order to avoid the problem of a “liquidity shortage” at the end of the previous multiannual financial framework (MFF), and to ensure that sufficient resources are available to pay the bills of projects already initiated by the member states.

Deutsch highlighted that 2020 is the last year of the current MFF cycle. “That is why we need to talk about the unacceptability of the proposal for the financial framework for 2021-2027 in its current form,” he said. 

The proposal of the European Committee uses double standards; moreover, it would significantly reduce resources for regional development and agriculture. Unfortunately, the proposal of the Finnish Presidency does not contain acceptable improvements in these areas for Hungary.

“In light of EU plans that would put Hungarian regions at a disadvantage, the attempt by the Hungarian opposition to make it so that Hungary cannot decide in the future where EU development money should go is particularly sad. It is only the Hungarian opposition that spends all of its power and energy on getting less money for Hungary and the Hungarian people,” he said. 

“Taking away development money owed to Hungary is a life-threatening notion of an open attack on Hungary,” he concluded.

Press Release by MEP Tamás Deutsch

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