Vice-Minister of Finance M. Liutvinskas: "Cohesion Policy must remain a priority in the next EU Multiannual Financial Framework"

On 5-6 September, Vice-Minister of Finance Mindaugas Liutvinskas will attend the informal meeting of the European Union (EU) General Affairs Council on Cohesion Policy in Budapest.

“Cohesion Policy, as the main EU investment instrument promoting economic and social convergence, must retain sufficient funding in the next Multiannual Financial Framework of the EU. Moreover, Cohesion Policy cannot ignore the changed security environment – it is necessary to pay increased attention to the EU countries located on the external border and bordering the aggressor countries, as this negatively affects the economic and social prospects of these countries,” Vice-Minister of Finance M. Liutvinskas states.

According to the Vice-Minister, Cohesion Policy must take into account the different social, economic and territorial realities of the Member States and provide sufficient flexibility for the implementation of investments. At the same time, Cohesion Policy must respond to the specific challenges of regions, including demographic trends, and contribute to the implementation of EU-level priorities in areas such as the green and digital transformations.

Last updated: 16-09-2024

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