Orbán cabinet: Hungary can receive 6.61 billion euros from the EU in 2025

An agreement on the 2025 EU budget was reached after “intensive discussions”, Péter Benő Banai, a state secretary at the Finance Ministry, said after a meeting of EU finance ministers in Brussels early Saturday. He added that Hungary could receive 6.61 billion in 2025 on development programs accepted by the European Parliament before.

Banai, who represented the Hungarian presidency of the Council of the EU at the ECOFIN meeting, said the 2025 budget contained EUR 199.4bn of total commitments and EUR 155.2bn of total payments.

He added that the agreement secured financing for programmes that enhance the EU’s competitiveness as well as financing for reconstruction after flooding in Central and Eastern Europe and Spain.

The budget follows the principal of “budgetary prudence” which means that there will be “flexibility” in 2025, Banai said.

Banai added that the European Commission could transfer EUR 6.61 billion for Hungary in 2025 on programs the European Parliament accepted and for aims defined by the Hungarian government.

Photo: pixy.org

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