Friday, 31 October 2014

Aid Programmes hit hard by EU Budget woes

Europe's unpaid bills are accumulating, and with them fears for development aid and humanitarian aid. Jacek Dominik, the European Commissioner in charge of the budget, has also raised the alarm. In a speech on 24 September, the Polish Commissioner said that the debts of the Financing Instrument for Development Cooperation (DCI) had accumulated to a value of "14 million euro since July". The strain on the 2014 budget is in danger of becoming even worse in 2015, as member states have proposed significant cuts to the European Commission budget. NGOs have responded to the cuts with disbelief, particularly as the External Action Service does not account for a very large proportion of the total EU budget.

Read the full article here.

Source: Euractiv

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