Portugal to lose €3 billion EU grant income in post-Brexit budget

Paul Rees 06 May 2018

Negotiations have begun for the next round of EU funding for 2020/2027 with Portugal potentially losing 10% to 15% of its EU grant income compared to the current contribution level.

Weekly pundit on SIC, Luis Marques Mendes, said the cut in EU funds to Portugal could be as much as €3 billion due to the three key criteria of migration, climate change and unemployment.

"We have few immigrants, we are not in the worst rankings for climate change and, fortunately, we have a low unemployment rate right now. For example, Spain will benefit a lot more because it has a very high unemployment rate."

The first draft of the Community framework presented by the European Commission for 2020/2027 was tabled last Wednesday with Jean Claude Juncker proposing a budget of €1.227 billion for the next seven years, the equivalent of 1.11% of the Gross National Income of the combined European Union members.

The Mendes prediction of a 10% to 15% cut for Portugal includes the lack of contribution from a post-Brexit Britain, reducing the overall pot.

"In the middle of all this, there is good news Portugual as the budget that rises the most is for science, which goes from €77 billion to €100 billion."

Comments

0 #3 Jeff Edwards 2018-05-08 17:38

Something isn't making sense here. We are told Portugal as a routine takes out of the EU pot X3 what it puts in. So a drop of 10 to 15% still leaves it billion's ahead of the game. All those millions of structural funds still flowing off shore, never reaching ordinary Portuguese and perish the thought - any foreigners. Anyway, isn't LMM peripherally linked, through his lawyers firm, to the Golden Visa scandal ?

+1 #2 Verjinie 2018-05-07 13:14

Is the penny finally dropping in Bully-Boy Brussels? That the E'U' is losing its 2nd biggest Milch Cow and that the Eurocrats MAY have to take a CUT in their own over-inflated emoluments? Had the Brussels Gang offered a reform of their own plutocracy in the initial 'negotiations', 'perhaps' UK would have been given a fundamental reason to stay in.

+2 #1 Jack Reacher 2018-05-07 08:28

Climate change doesn't exist in Portugal anyway. Since the authorities allow establishments to build bars & cafes on beaches and make them wider, whilst at the same time drilling for oil. Maybe some of the money can be used to fill in potholes on the 125 instead?

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