European Commission’s big decision this morning: will Hungary get EUR 15.8 bn?
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The European Commission will reveal their decision today at 10.30 AM about the budget conditionality procedure in which at least EUR 15.8 billion is at stake. Johannes Hahn, the European Commissioner for Budget and Administration, is expected to announce what the EC agreed on.
Hungary’s budget, Hungarian forint might get a boost today
According to hvg.hu, the Sunday session of the College of Commissioners, comprised of the 27 commissioners, will start at 9.30 AM. The Hungarian media outlet says that chances are meagre to end the budget conditionality procedure. In that case, Budapest could receive the billions of euros from the recovery and resilience fund (RRF). Based on a July letter, the sum is “only” 8.4 billion euros.
However, later another EC letter was leaked, saying it might reach 15.8 billion euros. Paying that sum was ceased because of fears of corruption in Hungary. It will remain frozen until the budget conditionality procedure ends. Even though the Hungarian government desperately needs that financial support.
Importantly, the European Commission will only draft a proposal for the member states. However, accepting that does not need a unanimous decision, only simple majority, hvg.hu clears.
Doesn’t matter, if they will receive a budget, only government will enjoy ky.. Not you silly people who vote for self destruction.
Whoever the PM tries to blame, it’s his behaviour alone that’s responsible for the outcome of our EU funding, no one else’s.