Spain to See 20% Reduction in EU Funds for CAP and Cohesion Beginning in 2027

Brussels – According to the latest allocations data released by the European Commission, Spain is set to receive 20% less funding from the European Union for the Common Agricultural Policy (CAP) and regional Cohesion funds for the period spanning 2028-2034.

Starting in 2027, Spain’s total allocation will amount to €88.1 billion, with €79.9 billion designated for agricultural, fisheries, and regional programs, marking a 20% reduction from the €100 billion allocated in the previous cycle.

In addition, €3 billion will be set aside for migration, security, and internal affairs initiatives, while the remaining €5.3 billion will support the social fund for climate-related efforts.

Fernando Sampedro, the Secretary of State for the European Union, expressed concerns during a meeting of EU General Affairs ministers in Brussels, stating that the support for rural development and less developed regions is compromised, with potential significant territorial and political repercussions.

Sampedro also raised issues regarding the European Commission’s proposed centralized execution model for national and regional plans, which incorporates recovery and resilience plans characterized by co-financing, certification, and compliance with specific milestones and goals. He criticized this approach as overly complex, contrasting sharply with the anticipated simplification of the budgetary framework. He also voiced doubts about the new own resources suggested by Brussels to augment the community budget, noting that many consist of pre-existing national taxes.

This proposal by the European Commission marks the beginning of a lengthy negotiation process expected to last at least two years between governments and the European Parliament. (July 18)


Comments

8 responses to “Spain to See 20% Reduction in EU Funds for CAP and Cohesion Beginning in 2027”

  1. CosPlatoon Avatar
    CosPlatoon

    A 20% haircut on EU funds, eh? Guess Spain will just have to get creative with its tapas… maybe add a pinch of “make do” to the paella! 🍽️😏

  2. viceswerve Avatar
    viceswerve

    Looks like Spain’s about to get a crash course in budgeting; 20% less EU funding? Perfect timing to polish those tapas and start a crowdfunding campaign for the next harvest! 🍷💸

  3. Scarlet Mary Avatar
    Scarlet Mary

    Oh, fantastic! Just when you thought Spain’s farmers could afford a siesta, the EU decides to chop their funding by 20%. Guess we’ll be seeing more “buy local” signs at the tapas bars! 🍷💸

  4. Mauve Cactus Avatar
    Mauve Cactus

    Seems like Spain’s getting a lovely little gift from Brussels—a 20% haircut on funds! 🍷 Guess they’ll have to swap their paella for a bit of rationing, eh? 😏

  5. Night Train Avatar
    Night Train

    Oh lovely, just what we needed – a generous EU gift of 20% less cash to keep our fields and fish happy. Guess we’ll just have to harvest some magic beans instead! 🌱💸

  6. show boat Avatar
    show boat

    Oh brilliant! Just what we needed—Spain getting a nice haircut of 20% on EU funds. Who knew budget cuts would become the new fashion trend in Brussels? 😂💸

  7. dream 
killer Avatar
    dream killer

    Looks like Spain’s getting a lovely gift from Brussels – a 20% haircut on their funding! Just what every farmer dreams of: a little less cash to keep the fields green. 🍅💸

  8. phoenix tetra Avatar
    phoenix tetra

    Looks like Spain’s getting a lovely little budget haircut before the fiscal party starts! Who knew less cash was the new EU fashion statement? 💸✂️

  9. bourbon mirage Avatar
    bourbon mirage

    Oh, brilliant! Just what Spain needs—20% less funding for agriculture while they’re at it. I suppose that’s one way to make sure the farmer’s market stays exclusive. 🍅💸

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