Czech Republic again a net recipient of EU money
In 2017, the Czech Republic received CZK 55.4 billion from the European Union, the Czech Ministry of Finance reported yesterday. Photo: Pixabay
Brno, Feb 1 (BD) – The Czech Republic received CZK 97.9 billion from the EU while paying CZK 42.4 billion in dues in 2017.
In 2016, the so-called ‘net funding’ of the Czech Republic amounted to CZK 80.6 billion, according to the Czech news server Aktualne.cz.
The Czech Republic is one of the many EU member states that has been receiving more from the EU budget than it contributes.
For example, in 2012 the European Commission (EC) reported that the country had received nearly three times more than its contribution to the EU budget.
The EU has been investing in Czech regions with projects aimed at the modernisation of cities’ and villages’ infrastructures, as well as long-term investments in the energy sector and innovative technological projects like nanotechnology.
Member states pay contributions to the EU budget. Some member states, such as Germany, pay more than they receive and are net contributors. Others pay less than they receive and are net recipients.
According to the European Commission, Germany, France, Italy, and Great Britain are the largest net contributors to the common budget.
According to Aktualne.cz, the latest data from the EC (2016) shows that countries that joined the EU in 2004, as did the Czech Republic, are also net recipients.