In the period 2007-2013, cohesion policy will benefit from 35.7% of the total EU budget or 347.41 billion euros (current prices).
The Commission proceeds by giving indicative annual sums per Member State depending notably on the following criteria: eligible population, national wealth, regional wealth and unemployment rate.
Each Member State then decides on the specific details of how the resources will be divided up among the regions by taking into account the geographical eligibility.
The financial assistance granted to new Member States will be 166% higher than in the previous programming period (on average by year), while the EU15 countries will receive 30% less aid: hence, the importance of transitional assistance systems, for countries like Spain.
For more information: Commission decisions