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Saturday, October 24, 2020

Swedish EU fees: Could see €1.3 billion SHOCK increase

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Sweden could get a massive increase in EU fees. This according to the proposal that is the basis for next week’s negotiations in Brussels.

This comes after Brexit leaves a €12 billion hole in EU finances.

If the proposal is accepted, it will lead to a massive increase in the fees that Sweden is paying to the EU.

The increased fees are at a whopping €1.3 billion according to SVT. In 2019, Sweden paid around €3.8 billion in EU fees.

The proposal that was presented by the European Council on Friday, means that countries have to pay a fee of 1.074% of GNP (gross national product).

“This proposal is not acceptable, it is way too high” said EU minister Hans Dahlgren to SVT.

Although exactly how much more expensive the EU fees will be in the end is difficult to say, as it depends on whether Sweden will get to keep its rebate at around €570 million.

The European Council wants to remove the rebate gradually.

The former Prime Minister of Belgium, Charles Michel, who is now President of the European Council, has attempted to reach a compromise on how to fill up the hole in the EU budget after Brexit.

But the countries that pay the most towards the EU’s finances, only want to pay 1% of GNP, compared to 1.074% of GNP that the new proposal is suggesting.

Richer countries in the EU are not happy with this budget however, reports Financial Times.

The new budget will have to be agreed before the end of the year.

Britain left the European Union on the 11pm GMT on the 31st of January 2020. The EU referendum was held in June 2016, when 17.4 million people voted for Britain to leave the European Union.

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Peter Imanuelsen
Peter Imanuelsen
Swedish journalist and political commentator. Founder and Editor-in-chief at Times of Sweden. Peter Imanuelsen has been reporting on the situation in Sweden for years and is more commonly known as PeterSweden on social media.


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