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Dáil Éireann díospóireacht -
Thursday, 22 Nov 1979

Vol. 316 No. 14

Written Answers. - EEC Regional Fund.

212.

asked the Minister for Economic Planning and Development the total amount of the Regional Fund for 1979; the amount proposed by the EC Commission for 1980 and the reduction agreed by the Council of Ministers at its September meeting.

The Community's Regional Fund in 1979 amounts to 945 million EUA. As regards 1980 the Council, in the context of its recent establishment of the draft 1980 Community budget, decided by qualified majority on a figure of 850 million EUA for the Regional Fund as compared to the Commission's proposal of 1,200 million EUA.

The figure of 850 million EUA is not a final figure but rather the outcome of the first step in the Community's lengthy and complicated budgetary procedure which involves both the Council and the Parliament.

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