Proposal for a Council Decision suspending commitments from the Cohesion Fund for Hungary

Summary:

The Commission, having taken into account: the existence of an excessive deficit in Hungary, and the Council decision under Article 126(8) TFEU establishing that no effective action has been taken in response to the Council recommendation of 7 July 2009 to end the excessive deficit situation, is of the opinion that a framework supporting government policies for a prompt return to sound budgetary positions needs to be ensured without delay.

Consequently, the Commission proposes to suspend a share of the Cohesion Fund commitment appropriations for Hungary. The suspension will take effect from 1st January 2013.