It turns out that Hungary will receive another 40 billion HUF in EU funds to recover the effects of the epidemic

It turns out that Hungary will receive another 40 billion HUF in EU funds to recover the effects of the epidemic

a EU reaction (Recovery Assistance for Cohesion and Europe Regions) is part of the NextGenerationEU package and will provide additional financing of €50.6 billion at current prices for the Cohesion Policy Programs taken by Member States in 2021 and 2022, for use by the end of 2023. The full envelope will be made available to Member States in two tranches: about 40 billion euros in 2021, of which 36.6 billion euros They are also restricted Various measures, in particular to bridge the gap between emergency measures taken at the beginning of the crisis and the response to the long-term crisis.

About 40 billion euros 881.2 million of this It was received Hungary and the Hungarian government have so far used relatively little of this, only €411.5 million (linked to it).

The remaining 11 billion euros have now been allocated. Benefits are based on countries’ GDP, unemployment and youth unemployment. In addition, the division takes into account the impact of the coronavirus pandemic on the economies of member states according to statistics as of October 19, 2021. Based on all this, the amount of 2022 is 104.4 million euros Source to Hungary.

With additional funding from REACT-EU, member states can take further recovery actions to improve the resilience of healthcare systems and businesses and increase support for the most vulnerable, while at the same time helping to address green and digital priorities for the smart, sustainable and coherent achievement of speaker recovery.

Cover image source: Portfolio

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