Poland could receive EUR 8 billion to 10 billion less from the EU’s proposed new budget than under the current one, Polish Radio reported on Wednesday.

Fears had previously been voiced that Warsaw was on course to lose a far bigger chunk of EU funds.

The European Commission, the bloc’s executive, on Wednesday proposed a 2021-2027 budget of EUR 1.28 trillion in inflation-adjusted future prices.

Public broadcaster Polish Radio reported that spending on the European Union's cohesion policy is set to be cut by 7 percent and agricultural policy spending by five percent in order to accommodate new goals in defence and migration policy.

The commission’s proposals for the next EU budget are to be followed by negotiations between the bloc’s member countries, with each trying to secure the biggest slice of the pie it can.

The new budget also introduces a mechanism that could financially penalise countries which are judged to have breached EU principles on the rule of law.

(pk)

Source: IAR/Polish Radio