Brexit Bites as Slovenia’s EU Agri Funds Cut 13.5% for 2021–2027

By , 01 Jun 2018, 13:32 PM Business
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STA, 1 June 2018 - Slovenia would get EUR 1.47bn in funds for the common agricultural policy (CAP) in the next multi-year EU budget from 2021 to 2027, which is 13.5% less than in the current financing period, according to the detailed plans for the CAP unveiled by the European Commission on Friday.

Expressed in fixed prices, Slovenia is scheduled to get around EUR 803m for direct payments to farmers, EUR 636m for rural development and EUR 34m for market measures.

The overall numbers are down from the EUR 1.7bn for the entire CAP in the 2014-2020 period, including EUR 814.5m for direct payments and market support and EUR 838m for rural development.

The European Commission has earmarked less funds in total for the CAP in the next budget due to Brexit and new priorities, such as migrations and security.

Slovenia already expressed concern over the cuts in funds for rural development, one of its priority areas, as the Commission presented the framework for the budget on 2 May.

A detailed assessment from the government is expected after the detailed budget plans unveiled today are thoroughly examined.

Cohesion funds, another major priority for Slovenia, are also planned to be cut by about 9% to EUR 3.07bn in the next EU budget.

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