Bulgaria might get back 13.5M euro from EU

Bulgaria could get back 13.5 million euro of its installment to the European Union as part of an amount that is in excess of the bloc’s 2010 budget, socialist MEP Ivailo Kalfin said on May 5 2011.

The European Commission will offer to return back a combined 4.5 billion euro to EU states, in proportion to their contributions, with Bulgaria’s share representing 0.3 per cent of the total sum.

The money will likely be re-allocated to programmes that lack sufficient funding.

The surplus is unacceptably large, which speaks of poor planning and use of the budget, according to Kalfin, who is also deputy chairman of the European Parliament’s budget committee.