The EU long-term budget 2021-2027 together with NextGenerationEU, the recovery instrument, form the largest stimulus package ever financed through the EU budget, of €1.8 trillion. Its adoption was preceded by a long negotiations process. To understand more about the whole package, we invited Zoltán Gyenes senior economic analyst as guest speaker for the online Investment PTF meeting on February 17, 2021.
During the discussion we learned how the political priorities of the package have changed due to the series of crises (migration, Brexit, Covid-19) and what measures of the unprecedented response to these crises was agreed upon. The new EU budget is more flexible than ever before, and its Solidarity and Emergency Aid Reserve enables swift EU financial support where needs arise.
The overall Hungarian financial envelope for the 7 years amounts to EUR 43 bn, which is 4 per cent of the GDP (yearly). In addition, there is a preferential loan of EUR 10 bn. The Hungarian contribution to the EU budget is cca. EUR 11 bn.
AmCham is greatful for Zoltán Gyenes and the EU Representation for accepting the invitation to meet our members.
Please find the presentation HERE.