Bulgaria Asked to Give EUR 7 M More for EU's 2015 Budget

Photo by BGNES

Sofia should transfer an additional EUR 7 M installment to EU's budget, the EU Commission announced Friday.

The new estimates are based on a recently-adopted model which uses revenues from income tax and GDP growth to set the amount of money each member state should send to Brussels.

Ireland, Italy, Cyprus, Latvia, Malta, the Netherlands and even Greece (with EUR 90 M in a) will also have to make fresh contributions as their economic development in 2014 was better than expected.

However, all their sums are small if compared to that of the UK, which not has to give EUR 2.1 B more, with the ruling provoking tensions between Brussels and London.

British Prime Minister David Cameron has vowed to oppose what he describes as a "completely unjustified and unacceptable" extra EU budget bill worth EUR 2.1 B.

As the row unfolded during the second day of the European Council summit in Brussels, Cameron pledged to use "every way possible" to prevent the payment of London's new bill.

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