Bulgaria to receive nearly €29bn from next EU budget, says PM Borissov

The country will be able to count on €7.7 billion in economic recovery grants

Bulgarian Prime Minister Boyko Borissov wrote on his Facebook page that Bulgaria can expect about €29 billion from the next EU budget. Borissov specified that Bulgaria is one of only few countries that will receive nearly a billion euro more than the current European budget.


This is given that the new budget is €62 billion less than the current one due to Britain's withdrawal from the EU, the Prime Minister explained. ''That is why I deserve my resignation'', he commented sarcastically, referring to the current mass protests calling for the resignation of his government in the capital.

''The funds for agricultural and cohesion policy remain, which was our "red line". Nine billion euro have been set aside for cohesion policy, €800 million more than the current budget.

This is important for achieving our main goals - competitiveness, economic growth, employment,'' said Borissov.

The Prime Minister noted that Bulgaria won a hard fought battle as for the first time additional target funds, in the amount of €200 million, are provided for underdeveloped regions like the North and Northwest. He also said that half a billion euro have been earmarked for Bulgaria's environmental protection and clean economy measures, and €200 million are intended for

migration and security purposes. Bulgaria will be able to count on €7.7 billion in economic recovery grants.

''As for the people who want my resignation, I leave them €29 billion for the coming years. This is nearly 60 billion leva, as much as the current decline in the GDP and more than everything Bulgaria earned during the time of its socialist governments,'' said Borissov. ''As immodest as it may sound to

you, everyone thanked me for my help. The President of the European Council, Charles Michel, called me on the phone to express gratitude for the support I gave him in the negotiations,'' he added.

The Prime Minister stressed that Charles Michel has proven to be an exceptional friend to Bulgaria. He also noted Chancellor Angela Merkel's support with providing an additional €200 million, as well as the support from the Chancellor of Austria Sebastian Kurz, ''who addressed the European Council, as if he were the Prime Minister of Bulgaria''. Borissov also expressed his gratitude to the Prime Minister of the Netherlands, Mark Rutte, as well as to European Commission President Ursula von der Leyen and French President Emmanuel Macron.

Borissov explained that the relation between EU funding and the rule of law is envisaged to be a transparent process, respecting the principles of objectivity, non-discrimination and equal treatment of all parties through an evidence-based approach.

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