One of the priorities of Polish presidency of the EU Council is work on opening new perspectives for the EU budget 2014-2020. Since more than 1/3 of the budget is devoted to convergence policy, there is growing interest in its objectives and effectiveness. The article emphasizes the significance of convergence policy and presents its objectives which reflect the existing obstacles in a harmonious development of the entire EU territory. Attention is drawn to the fact that in spite of efforts being undertaken, there are continuous problems with methods of assessing the effectiveness of the implemented convergence policy and thus also the effectiveness of the EU budget execution. Finally, connections between convergence policy and the Europe 2020 strategy are spelled out.
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