BudgiT Sénégal’s Post

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EU gives the green light and closes State aid investigation into public financing of the Øresund fixed rail-road link - but requires Denmark to recover tax support.   Yesterday, the European Commission announced that Denmark and Sweden's State guarantee model granted for the Øresund fixed rail-road link does not breach EU State aid rules, since the aid is considered to be existing (not new). However, part of Denmark's tax support is considered to be new aid, which further is disproportionate and therefore incompatible with the TFEU. On this basis, Denmark is obligated to recover this part of the aid, including interest.   Denmark is now tasked with calculating the amount to be recovered in accordance with the Commission's decision-making framework, which aims to rectify any distortions to fair competition.   Read the Commissions press release here: https://lnkd.in/drhrTBEF (The public version of the decision is not yet available but will be once potential confidentiality issues have been resolved - under case numbers SA.52162 and SA.52617)

Editing the news my style https://lnkd.in/eQFBT6Qy

Today, the European Commission has endorsed a positive preliminary assessment of Malta's second payment request for €58.9 million, net of pre-financing, under the Recovery and Resilience Facility, the centrepiece of NextGenerationEU. The payment request covers important steps in the delivery of 24 reforms and ten investments that will drive positive change for citizens and businesses in Malta in the areas of construction, waste management, energy efficiency, transport, digitalisation, healthcare, education and training, justice, anti-corruption and taxation. https://lnkd.in/ersVGuap

On April 15, 2024, the European Commission adopted a proposal for an executive decision of the Council of the EU, which gives a positive assessment to the Ukrainian Plan - Ukraine's strategy for implementing comprehensive reforms and an investment strategy for the next four years. The Ukrainian plan is the basis for the implementation of the Ukraine Facility (Ukrainian Fund) in the amount of 50 billion euros for 2024-2027. The Ukrainian plan defines 69 reforms and 10 investments, divided into 146 qualitative and quantitative indicators. The reforms cover 15 areas, including energy, agriculture, transport, green and digital transition, human capital, as well as state-owned enterprises, business environment, public finance and decentralization. After the positive evaluation of the Plan for Ukraine by the European Commission, the EU member states have one month to adopt the Implementing Decision of the Council of the EU. This will allow the Commission to allocate up to 1.89 billion euros in the form of pre-financing before the start of regular payments related to the implementation of reforms and investment indicators provided for in the Plan for Ukraine. https://lnkd.in/eAXvk6AJ

Exciting News! #EP3 Pt II of Budget Process Series #PAWAPOD is out. In this episode we discussed the various planning and budgeting documents and the timelines. Understanding the Public Expenditure Cycle is important to equip citizens with the right information and knowledge to make informed development priorities. Listen in and learn. #BudgetingProcess #PEMCycle

We’re witnessing a pivotal moment in international collaboration. The European Commission and the Palestinian Authority have recently reached a landmark agreement on emergency financial support and established the foundational principles for a comprehensive recovery and resilience program. 💡This agreement represents more than just financial aid; it signifies a strategic move towards fostering an economy of disengagement and independence for the Palestinian territories. Economic independence is a crucial step towards fostering peaceful coexistence in the region. #EconomicIndependence #InternationalCollaboration #PeaceAndDevelopment #SustainableGrowth #EuropeanCommission #PalestinianAuthority #GlobalSolidarity

🌟 Exciting developments for Air Botswana as it takes center stage in government SOE reforms! With a closer look at the financial challenges of BotswanaPost, including its longstanding debt, we're witnessing crucial changes in the sector. Dive deeper into this important news here: [PressReader Article](https://lnkd.in/eA-HPH5F) #BotswanaEconomy #AirBotswana #SOEReforms

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