Cohesion_Fund | TriviaQuestions.online

⭐ In the context of the Budget of the European Union, the Cohesion Fund is primarily considered...

The EU budget is structured to supplement national budgets and enact priorities established by all member states, with programs like the Cohesion Fund playing a key role in this process.

⭐ Core Definition: Cohesion Fund

The Cohesion Fund, one of the five European Structural and Investment Funds of the European Union, provides support to Member States with a gross national income per capita below 90% EU-27 average to strengthen the economic, social and territorial cohesion of the EU. Common regulatory provisions apply to the five ESIF funds, along with the Just Transition Fund, the Asylum, Migration and Integration Fund, the Internal Security Fund and the Instrument for Financial Support for Border Management and Visa Policy.

The fund's purpose includes support for investments in the environmental field and on Trans-European Networks in the area of transport infrastructure (TEN-T).

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👉 Cohesion Fund in the context of Budget of the European Union

The budget of the European Union (a.k.a. The Union’s annual budget) is used to finance EU funding programmes (such as the European Regional Development Fund, the Cohesion Fund, Horizon Europe, or Erasmus+) and other expenditure at the European level.

The EU budget is primarily an investment budget. Representing around 2% of all EU public spending, it aims to complement national budgets. Its purpose is to implement the priorities that all EU members have agreed upon. It provides European added-value by supporting actions which, in line with the principle of subsidiarity and proportionality, can be more effective than actions taken at national, regional or local level.

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