Municipalities express concern with regional fund cuts

By TPN/Lusa, in Business · 07-03-2019 10:14:00 · 0 Comments
Municipalities express concern with regional fund cuts

Spanish and Portuguese municipalities have expressed concern with the Cohesion fund that is facing a cut of 45 percent in the European Commission’s financial framework for 2021 to 2027.

The Cohesion Fund is aimed at member states with a Gross National Income per inhabitant of less than 90 percent of the EU average and aims to reduce economic and social disparities and promote sustainable development.

Manuel Machado, the head of the National Association of Portuguese Municipalities, said at the end of an Iberian summit of municipalities in the northern city of Aveiro that it was not “acceptable” for there to be a reduction of funding of 45 percent and that it was “indispensable” to boost the Cohesion Fund and cross-border cooperation programmes.

The summit last Friday aimed to analyse cross-border cooperation between Spain and Portugal and the role of the local authorities in the next community support framework for 2021-2027.


Be the first to comment on this article
Interactive Topics, send us your comments/opinion on this article.

Please note that The Portugal News may use selected comments in the printed edition of the newspaper.