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Finance Minister Tõniste: EU funds should support structural reforms

31. October 2017 - 17:25

EU structural funds should be allocated for structural reforms, said Estonian Finance Minister Toomas Tõniste at a meeting with Günther Oettinger, the European Commissioner for Budget and Human Resources.

Meeting in Tallinn on Tuesday, Minister Tõniste and Commissioner Oettinger exchanged views on the EU budget under the next multiannual financial framework after 2021.

“Using EU funds should go hand in hand with necessary structural reforms. This way, the money would go to where it is most needed,” said Toomas Tõniste, Minister of Finance of Estonia. “As the EU has taken up new tasks, the EU budget should not decrease under the next multiannual financial framework.”

According to Tõniste, the EU budget should be geared much more to implementation of structural reforms than today through the structural and investment funds (ESI funds), which constitute more than 1/3 of the budget. This prerequisites stronger conditionality on the country-specific reform recommendations and adjustments to the European Semester process.

The European Commission is due to present its proposal on the next multiannual financial framework in May 2018.