Joe Borg confirms Lm9m additional
Foreign Minister Dr Joe Borg yesterday confirmed the extra
Lm9 million (EUR20 million) that Malta is expected to receive should
it join the EU is certain and will be adopted by the EU Commission in
the coming days.
The news of the extra Lm9 million was given by sources close to the
European Commission, but Maltas Foreign Minister yesterday confirmed
Borg told The Malta Financial and Business Times: "The Lm9 million
is confirmed in the sense that the Commission has made a proposal for
the money to be added to the Lm81.
"There is still the formality in that the Commission has to adopt
the decision, but it is a forgone conclusion and the adoption must be
concluded in the coming days and before 16 April."
Dr Borg confirmed the Maltese government had argued for the extra funding
and that half the amount represents an equal share with the other acceding
states and that half was divided according to population.
Total funding for the first three years of Maltas EU membership
now amounts to Lm90 million, while the extra funding secured by Malta
will be used to develop and strengthen the public administration.