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Press release - Release of frozen EU funds to Hungary: MEPs to debate next steps with Commission

Retrieved on: 
Wednesday, January 24, 2024
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On Wednesday, Budgets and Budgetary Control Committee MEPs will quiz commissioners Hahn, Reynders and Schmit about the partial release of previously frozen funds to Hungary.

Key Points: 
  • On Wednesday, Budgets and Budgetary Control Committee MEPs will quiz commissioners Hahn, Reynders and Schmit about the partial release of previously frozen funds to Hungary.
  • Parliament had also warned that it would look into whether legal action should be pursued to overturn the Commission’s decision.
  • Consequently, 55% of budgetary commitments (approximately EUR 6.3 billion) in EU cohesion funding for Hungary are currently frozen.
  • In December 2023, the Commission recognised Hungary's judicial reforms as meeting the fundamental requirement of judicial independence under the Charter of Fundamental Rights.