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Hungary sees more than Ft 1,000 bln in EU funding in 2009

Hungary will be able to apply for Ft 1,002.7 billion in EU funding in 2009, the revised budget contains the co-funding necessary, Finance Minister János Veres told a meeting of Parliament's Budget Committee on Sunday.

Outlining changes to the government's budget bill, Veres said the revised 2009 budget shows Hungary receiving EU funding of Ft 774.6 billion, but an additional Ft 228.1 billion is also expected to arrive from Brussels. The state's co-financing requirement for the entire amount is Ft 183.1 billion, he added.

The budget bill contains general reserves of Ft 56.5 billion, target reserves of Ft 69.8 billion and stability reserves of Ft 78 billion, Veres said. Together, this makes Ft 204.3 billion, which is increased by further by Ft 80 billion in reserves at ministries. (MTI – Econews)