Government to Meet EU Funding Requirements in a Matter of Weeks

Hungary’s government is set to receive cohesion funds from the European Union (EU) within a few weeks, according to Gergely Gulyás, Minister of the Prime Minister’s Office. Speaking at a government meeting, Gulyás said the passing of the amendment of the Justice Act means all conditions for the disbursement of the EU funds have been met. The money will not be taken from the EU’s recovery fund, but from the part of the seven-year budget not covered by the conditionality procedure. Gulyás also stressed the availability of next year’s budget, which the government will submit to Parliament on 30 May amid “difficulties, as we are living in times of war”. He added that the budget deficit is expected to be 2.9 percent.

 

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