The main theme of this paper are the European Structural and Investment Funds (ESI) for the 2014 - 2020 period. A description of EU funds and their objectives gives the detailed insights into activities that are funded by the EU budget. It is of vital importance to offer a satisfying explanation of the actual allocation of the ESI Funds as well as the EU budget funds. The Republic of Croatia has been allocated the total amount of EUR 10.676 billion from the European Structural and Investment Funds over the financial 2014 – 2020 period. The utilization of resources intended for the Republic of Croatia depends greatly on the abitilities of all the individuals involved in the projects documentation writing and projects realization. The main goal of this paper is to study the amounts from the ESI Funds that have been allocated to the Republic of Croatia and to thoroughly analyze the level of utilization of each individual fund as well as the total number of funds allocated to the Republic of Croatia. Furthermore, this paper aims to give a comparative analysis of funds utilization in the Republic of Croatia and other countries of the European Union. The conducted study found that only 17% of funds have been utilized in the Republic of Croatia, which is very little when compared to other member countries.