Hungary: EU budget amendment to supply Ukraine with €50 billion is ‘ill-considered’

European Commission President Ursula von der Leyen, left, speaks with European Commissioner for Neighborhood and Enlargement Oliver Varhelyi as they arrive for the weekly College of Commissioners meeting at the EU headquarters in Brussels, Tuesday, June 20, 2023. (AP Photo/Virginia Mayo)
By Dénes Albert
2 Min Read

The European Commission’s budget amendment designed to supply Ukraine with €50 billion over the next four years is both ill-considered and unfit for serious consideration, Balázs Orbán, political director for Prime Minister Viktor Orbán, said in a short but significant Facebook post on Monday.

Balázs Orbán, who is not related to the prime minister, summarized the flaws of the proposal in the following points.

Any decision should be preceded by a serious investigation

Brussels would expect member states to provide a total of €50 billion, or around 19 trillion forints, in aid to Ukraine over the next four years, but it is not clear how much the European Commission has so far provided to Ukraine since the war began, and under what conditions, wrote Balázs Orbán.

It is impossible

When the joint EU loan was taken out, it was promised that the interest rate would be more favorable than other loans. Yet, Brussels is now claiming that, because of the rapid rise in interest rates, it expects member states to pay more money to cover the expense. All this is conducted while Brussels has been withholding the money owed to Hungary and Poland from the previous joint borrowing for some time for political reasons.

It is unacceptable

Balázs Orbán also stated that the additional €15 billion cash injection from the EU to deal with the Ukrainian migration crisis is not intended to finance the stopping of illegal migration, but instead helps organize more immigration into Europe.

It only benefits Brussels

Finally, Balázs Orbán writes: “The proposal includes extra money to run the EU machine, which would mean nothing more than further fattening up the Brussels bureaucracy.”

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