“…Indicatively, several member states, such as Greece, Ireland, Portugal, Hungary, Latvia, and Romania, encountered difficulties in spending the SFs' budget (European Parliament 2011a, 2011b. Paradoxically, less developed regions, which need higher financial support for restructuring their economies, experience greater problems in absorbing the SFs mainly due to the low administrative/managerial capabilities of the local authorities (Milio 2007;Zaman and Georgescu 2009;Aiello et al 2019). In response, some countries (e.g., Hungary, Romania) have debated and implemented strategies, such as reducing their regional share of contribution (i.e., 'regional co-finance reduction') or funding projects already approved within national funding schemes (i.e., 'retrospective projects' use').…”