Portugal Cuts EU Funds, Agriculture Not Affected
Portugal will receive its full agricultural budget. The European Union wants to cut funding for Portugal. Other countries, like Spain, will also see reduced funding.
The European Union is planning a budget for the next period. This budget includes money for agriculture and regional development. Portugal currently has 9.9 billion euros secured for agricultural support. However, the EU proposes a 12% cut to Portugal’s budget. Spain is also facing a 12% reduction in its funding from the EU. Negotiations are happening to decide the final amounts for all member states.
Summarized from the sources above. Read the originals for the full story.
Highlights
Portugal Gets No Cuts
Portugal will not have its agricultural budget reduced in the next EU budget.
EU Wants Cuts for Portugal
The European Union proposes a 12% cut in Portugal’s funding.
Agricultural Funding Secured
Portugal has 9.9 billion euros secured for the European Agricultural Fund.
Cohesion Funds Affected
The reduction impacts funds for social and regional programs.
Negotiations Ongoing
Countries and the European Parliament are discussing the final amounts.
Perspectives
- Portugal will receive funding for its agricultural sector.
- Spain will receive 12% less EU funding.
- The European Union is proposing budget reductions for member states.
- The Common Agricultural Policy and Cohesion funds are affected.
Portugal will receive increased funding (up to 12.31 billion euros).
Público, Público
Spain will receive 12% less funding than Portugal.
New, Público