EU Budget
Cuts to regional funding: a severe blow for local government
European Commission President Jean-Claude Juncker unveiled his proposal for the EU’s next long-term budget, the so-called Multiannual Financial Framework, which will run from 2021 to 2027. At stake are drastic cuts in cohesion spending.
Reacting to the Commission's proposal, the President of the Council of European Municipalities and Regions (CEMR), President of Emilia-Romagna, Stefano Bonaccini, stated: " by cutting cohesion policy by 7%, the Commission is seriously letting down Europe’s towns and regions. Even on the basis of 2018 prices, this will represent a loss of 41 billion EUR for local and regional governments for the 2021-2027 period."
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