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Jun 15, 2018

Gergely Gulyás: EU’s budget draft for the period between 2021 and 2027 is “unacceptable”

The minister heading the Prime Minister’s Office said the proposal would reallocate funds from poorer states to richer ones

The minister heading the Prime Minister’s Office has described the draft of the European Union’s budget for the period between 2021 and 2027 as “unacceptable”.

Following our budget piece earlier this week, Gergely Gulyás said the proposal would regroup funds from poorer states to richer ones.

The minister said that if we were to concede that Hungary’s future lies in institutionalized European cooperation, the Hungarian government is only able to accept an EU budget that does not penalize performance and the countries that are able to generate a more substantial economic growth.

He said that the proposals would negatively affect the Central European countries and the Baltic states.

The minister added that the proposed development policy would take account of the economic growth of the past few years, and therefore the Member States that are more advanced in terms of their living standards than the Central European Member States could find themselves in a more privileged position because they have failed to observe fiscal discipline.

He explained that this proposal would, in actual fact, reward economic policies that violate EU law.