Prepared by Robert Sierhej (Warsaw Regional Office).
This role is served by structural and cohesion funds, but there are also funds financing EU policies in agriculture, nuclear safety, or cross-border cooperation.
Structural funds are for regional programs, research and development, supporting economic competitiveness, and human resource development; cohesion funds are for country-wide transport and environment projects. To ensure intertemporal comparability, rural development and fishery funds are classified under agriculture in 2004-06.
The structure of spending shown at Figure 2 reflects both the EU and domestic expenditure component.
Structural funds have to be drawn within so called N+2 rule: funds committed in year N must be drawn by the year N+2. The 2004 commitment should be utilized by end–2006.
Advance payments amounted to 16 percent of total allocations, and 2004 commitments were 24 percent of the allocations. Thus, actual spending of only 8 percent was needed to formally comply with the N+2 at end–2006.
Prague region projects are under the so-called Objective 3 for regions where income is above 75 percent of the EU average.