December 14, 2008
State Aid targeting improving
The latest EU State Aid Scoreboard (for 2007) shows that Member States are increasingly using the possibilities offered by recently revised rules to better target their aid. Member States awarded on average 80% of their aid to horizontal objectives of Community interest, such as R&D and environmental aid in particular but also employment, regional development, and training as opposed to supporting individual companies or sectors (the figures for Ireland are slightly below average). This is significantly increased from the 50% average in the mid-1990s.
In fact, over the last 25 years, the overall level of State Aid has fallen from more than 2% of GDP in the 1980s to around 0.5% in 2007. Whilst highlighting this continuing trend for more focused aid, the Scoreboard notes that following the recent financial crisis, the share of rescue and restructuring aid is likely to increase significantly for some countries in 2008.
Scoreboard and Member States analysis:
http://ec.europa.eu/comm/competition/state_aid/studies_reports/studies_reports.html
Posted by iroronan at December 14, 2008 03:21 PM
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