(Photo: Jessica Fejos)

Disputes are ongoing over just a few hundred billion forints of the funding, for projects such as road construction and hospital development, Csepreghy said on news channel M1. These issues may still be resolved, then Hungary could become the only member state to exhaust all available funding for the period, he added.

Hungary has until the end of this year to use up the funding from the 2007-2013 cycle.

Csepreghy said the Prime Ministerʼs Office would discuss the most important lessons of the last funding cycle in the coming months. In the 2014-2020 funding period, EU monies will be targeted only at projects that create jobs or contribute to economic growth, he added.