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Slovakia will pay 57% more to EU budget, and will get 22% less

The first draft of the EU budget for 2021-27 cuts the cohesion fund allocation for Slovakia by 22% compared with 2014-20. It also increases Slovakia’s payments to the union’s budget by 57% to €1.3bn annually.

The EU has plans to increase its own funding by imposing a fee on non-recycled plastic packaging (€0.80 per kg), 3% share of the corporate income tax intake and 20% share of the emission trading system revenue. The Finance Ministry says the new environment tax is financially disadvantageous for Slovakia. Talks on the EU budget will continue.

Táto správa je z Ekonomiky DNES, denného prehľadu najdôležitejších ekonomických správ zo Slovenska.

This news is from the Slovak Business News TODAY, one-page summary of all the important Slovak business news.

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