Analysis: P1 co-financing could save CAP up to €13.5 billion per year

Analysis: P1 co-financing could save CAP up to €13.5 billion per year

Switching to a co-financing system for direct aid payments under Pillar One of the CAP could reduce budgetary expenditure on the CAP by between €7.5 and €13.5 billion a year, according to new Agra Europe estimates.

The scale of the savings would depend on the co-financing formulawhich the EU opted for in any new financial settlement post-2020, but it couldconceivably cut the €42 billion budgetary cost of direct aids by as much as 30%.

And while member states would

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