Greece faces €50 billion funding challenge in new EU budget proposal
Greece is set to receive less funding for Cohesion Policy and the Common Agricultural Policy (CAP) under the European Commission’s proposed Multiannual Financial Framework (MFF) for 2028–2034, when figures are adjusted for inflation to allow direct comparison with the current 2021–2027 period.
While the total allocation of €49.2 billion for Greece appears similar to the current cycle, this figure may represent a slight real-term decrease. Notably, increased funding has been earmarked for areas such as migration management and the Social Climate Fund, shifting priorities within the EU budget.
The Greek government has expressed concerns about the proposal and views it as a starting point for negotiations. Athens maintains that cohesion funding and agricultural support must remain core components of the EU’s financial priorities, and it plans to push for stronger allocations in these areas.
Adding to the challenge, Greece will no longer benefit from the EU’s Recovery and Resilience Facility (RRF) after 2027. The RRF has played a crucial role in bolstering the Greek economy during the current period, contributing approximately €36 billion in addition to the €40 billion from the NSRF and CAP combined.
With the winding down of the RRF and the proposed EU budget constraints, Greece is likely to face a significant reduction in available investment resources, raising concerns about the long-term impact on development and economic growth.
