Proposal for a Council Implementing Decision lifting the suspension of commitments from the Cohesion Fund for Hungary

Summary:

On 13 March 2012, by Implementing Decision 2012/156/EU, the Council decided to suspend EUR 495.2 million of commitments from the Cohesion Fund for Hungary, taking effect from 1 January 2013 and representing 0.5% of GDP and 29% of the country's Cohesion Fund allocation for 2013. This decision was based on Council decision 2012/139/EU of 24 January 2012, establishing that Hungary had not taken effective action in response to the Council Recommendation of 7 July 2009 to correct the excessive deficit in a credible and sustainable manner by 2011.

Official

EUR-Lex: COM(2012)275: Follow the progress of this document through the decision-making procedure http://eur-lex.europa.eu/legal-content/EN/HIS/?uri=COM:2012:275:FIN

ESO: Background information: Recommendation for a Council Recommendation on Hungary’s 2012 national reform programme and delivering a Council opinion on Hungary’s convergence programme for 2012-2015 http://www.europeansources.info/record/recommendation-for-a-council-recommendation-on-hungarys-2012-national-reform-programme-and-delivering-a-council-opinion-on-hungarys-convergence-programme-for-2012-2015/

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