Gap between amount Prague pays into and draws from EU highest ever last year

Last year the Czech Republic drew nearly CZK 152 billion more from the European Union than it paid into the bloc, according to figures released by the Ministry of Finance on Tuesday. It was the highest such gap since the country joined the EU in May 2004. The Czech Republic drew a total of CZK 157 billion from the union’s Structural and Cohesion Funds, as well as receiving CZK 31 billion under the Common Agricultural Policy. Since its accession the Czech Republic has contributed CZK 429 billion to the EU’s coffers and received CZK 990 billion.

Author: Ian Willoughby