The European Commission has estimated that it will spend 20 per cent less on administrating cohesion funds between 2014 and 2020 than it spent between 2007 and 2013. The estimate comes from a study carried out by DG Regional Policy and published on 26 July. Proposed cost savings include moving to electronic submission of documents, changes to eligibility rules and harmonisation of the rules for different types of funds. Cohesion funds pay for infrastructure and technology development in less-developed member states.
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