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Hungary ready to raise EU budget contribution after Brexit

Baku, January 30, AZERTAC

Hungary is prepared to increase its contribution to the European Union to 1.2% of gross national income (GNI) to help fill the gap left after the United Kingdom leaves, Janos Lazar, the head of the Prime Ministerʼs Office, said addressing the conference held in Brussels.

European Commission President Jean-Claude Juncker said at a conference in Brussels on Monday that member states will need to contribute more than 1% of the EUʼs GDP to the common budget because of the "several billion euros" shortfall Brexit will leave.

Member statesʼ contributions to the EU budget now stand at about 1% of GNI. Hungary’s contribution to the budget was 0.89% of GNI in 2015, EU data show.

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