Aid
EU aid funding crunch
The European Parliament’s budgets committee has given the green light to an extra €150 million ($207m) for the European Commission’s most urgent humanitarian aid and food assistance needs, and a further €37m for its democracy and human rights instrument.
The sum will allow the Commission to pay its most urgent bills, but according to lawmakers, payment problems in the EU external action field are likely to recur in the course of this year.
As explained by MEPs last week, the additional funds are taken from the budget lines for pre-accession assistance (€45m), development co-operation with Latin America and Asia (€74m), the emergency aid reserve (€50m), the neighborhood instrument (€10m) and the nuclear safety cooperation instrument (€8m).
However and according to a parliamentary statement, these budget lines will themselves “run dry” in the course of the year, so “fresh money will be needed later on”.
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