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Estonia Would Like For New European Union Budget to Support Smart Economic Growth

25.07.2012

At the meeting of the European Union ministers for foreign and European affairs in Brussels today, Foreign Minister Urmas Paet said that Estonia would like for the new European Union budget to offer support for smart economic growth in Europe.

The ministers discussed updates to the proposal for the next European Union budget (for the years 2014-2020), which take into consideration the effects of Croatia joining as well as economic prognoses and the most recent long-term GDP forecasts used in calculating the budget for the Cohesion Policy; newer statistics were also used.

Foreign Minister Paet stated that as a result, the volume of new budget commitments has decreased by 5.5 billion euros but payments have increased by 5.3 billion euros. “However, Estonia feels that because we want to reach a political agreement by the end of this year, we should progress quickly from discussing the technical aspects to discussing the actual substance,” he noted.

Paet said that for Estonia, greater equality in direct agricultural supports is still a priority.

“Also important to Estonia is the question of how the European Union’s new budget will help with economic growth and do it in a smart way,” said the foreign minister. “We support the discussion of all these issues in the new budget, which has great potential to facilitate economic growth through the EU 2020 Strategy, the Connecting Europe Facility, and Cohesion Policy,” he stated. “The future financial framework must increase competitiveness and create jobs,” Paet emphasised.


Additional information:
Helen Ennok, press spokesperson, Estonia’s Permanent Representation to the EU
+32 474 98 16 57
 

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