Fico: Slovakia Net Recipient of EUR 14B from EU in 2014-20
Slovakia will come out a net recipient of EU funds for the 2014-20 term, with a surplus of almost EUR 14 billion between payments of EUR 6.78 billion and receipts of EUR 20.3 billion from the funds.
The news was announced yesterday by Prime Minister Robert Fico at a press conference, after the EU Parliament set the Union’s budget for the period. Fico underlined how Slovakia would struggle financially if it were not for the EU funds, which he says make up “almost 76 percent of all public investment” in the country.”
PM Fico also boasted how Slovakia had received an exemption, along with Romania, to extend the term for the completion of EU-funded projects, which was increased to three years instead of two based on the request of the two countries. Fico claimed that the country could have lost around EUR 500 million if the exemption had not been granted.