7. Financial Plan, Aid Rates and Rate of Community Contribution

7.1. Financial summary

The financial plan for the implementation of the Plan was constructed after analysis of following data:

(1)   The Rural Support Fund historical data. It provided historical development of farm investments, average amount of investments and average number of beneficiaries per year;

(2)   Results of consultations with local authorities and social, economic and environmental partners. They provided information on how many potential beneficiaries will be, what investments the potential beneficiaries plan to make, how much they plan to invest.

Of that information collected, typical projects for each of the priority measures were drawn up: average investment volume, average public participation, average number of investment projects.

The total eligible financial cost for the implementation of the present Plan (year 2000-2006) is estimated at 537.650 million EURO. Projected expenditure by measure for the years 2000 to 2006 is detailed in the financial plan in ANNEX III. The figures provided in this plan for the individual measures are provided as a guide an are therefore only an indicative allocation.

The total financial allocation out of the SAPARD, is 208.207 million EURO.

The Financial Summary is as follows:

Total public expenditure:                                           277.610 million EURO (51.6%)

            of which

            - National public funding:                                69.403 million EURO

            - SAPARD:                                                     208.207 million EURO

Private Funds:                                                            260.040 million EURO (48.4%)

Total eligible cost:                                                     537.650 million EURO (100 %)

The indicative financial allocations per year are as follows (in million EURO):

7.2. Aid rate

Public aid may amount up to 100 % of total eligible cost. In general for revenue generating investments, public aid shall amount to up to 50 % of the total eligible cost, of which the EU contribution shall amount to up to 75 %.

The average aid rate for the measures under this Plan as it appears from the Financial Summary above is 51.6% (100 x Total public expenditure: 277.610 million EURO/Total eligible cost: 537.650 million EURO).

7.3. Rate of Community contribution

Rate of Community contribution for the measures under this Plan is 75%.