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.