Open AccessMajor changes affecting EU funded loan and equity scheme management in 2021-2027 budgetary period
Author(s) -
Márk Bató
Publication year - 2021
Publication title -
economy and finance
Language(s) - English
Resource type - Journals
eISSN - 2677-1322
pISSN - 2415-9379
DOI - 10.33908/ef.2021.4.4
Subject(s) - loan , equity (law) , european union , business , finance , financial instrument , point (geometry) , accounting , financial system , economic policy , political science , geometry , mathematics , law
Approximately ten percent of support from the European Union structural funds sources was utilised as financial instruments in the 2014-2020 EU budgetary period. The term ‘financial instruments’ represents support in the form of loans and capital injections in Hungary. Programmes for 2021-2027 have not been finalised yet, but major amounts of money are expected to be used in the form of financial instruments. Therefore, one should review the changes affecting the criteria to use EU structural funds, which determine development policies in the next period regarding loan and equity schemes. Both the EU and the Hungarian regulatory framework have been established, they can be studied and used as the starting point of further planning. In this paper the major components of the relevant regulatory framework including its practical conclusions to be expected are discussed.