The European Union budget is made up of a proportion of the VAT charged on goods and services in the Member States, a share of each countries Gross National Product and custom duties from non-EU countries on goods which are imported into the EU. These resources are redistributed into four Structural Funds and used to promote the economic and social development of the regions perceived to be lagging behind.


What is ERDF?
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What is ESF? Click here to view 'What is ESF' questions and answers.