ECONOMY

EU states might get case-by-case budget relief on refugee crisis costs, say EU officials

eu-states-might-get-case-by-case-budget-relief-on-refugee-crisis-costs-say-eu-officials

European Union countries might be allowed to exclude costs of the refugee crisis from budget deficit calculations on a case-by-case basis, EU officials said, as Austria pushed for its spending on refugees to be exempt.

Eurozone countries are obliged by EU laws to bring their budget close to balance or into surplus in structural terms, which exclude one-off items and revenue and spending fluctuations caused by the business cycle.

[Reuters]