Edition 1504
08 December 2018
Edition: 1504

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EC cuts Portugal funding under Common Agricultural Policy

by TPN/Lusa, in Business · 07-06-2018 14:12:00 · 0 Comments

Portugal will receive less money under the Common Agricultural Policy (CAP) in the next multiannual financial framework (MFF), with a slight increase in direct payments to farmers, according to a proposal presented in Brussels.

The European Commission has proposed a budget of around €7.6 billion in MFF 2021-2027, at current prices, below the €8.1 billion of the previous budget, with a slight increase in direct payments and cuts in rural development.
At current prices, for MFF 2021-2027, an allocation of €4.2 billion is foreseen in the first pillar and of €3.4 billion in the second.
At the start of CAP 2014-2020, Portugal received €4.1 billion under the first pillar, direct payments to farmers, and €4.082 billion under the second pillar (rural development).

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Edition 1504
08 December 2018
Edition: 1504

Read this week's issue online exactly as it appears in print.

Twitter

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