The European Parliament and the Council of the European Union, on a proposal from the European Commission, have reached an informal political agreement on the EU budget for 2022, the second under the 2021-2027 EU multiannual financial framework. The agreement is for commitments of €169.5 billion, and payments of €170.6 billion. Once adopted, the budget […]
Is the European Commission up to the task?
MEPs want the European Commission to prove it’s up to the task of defending the EU budget from member states violating the rule of law principle. MEPs will discuss the application of the rules adopted in 2020 linking the disbursement of EU funds to member states respecting the rule of law and EU values […]
2.5 billion euros for the EU’s new cultural program
Around 2.5 billion euros for the cultural and creative sectors Increased focus on music, inclusion and promotion of female talent Media to receive support for the first time The Parliament adopted on Wednesday 19 May ‘Creative Europe’, the European program for the cultural and audiovisual sectors, the EU’s largest financial commitment to date in this […]
Multiannual financial framework for 2021-2027 adopted
Following the European Parliament’s consent, the Council has adopted the regulation laying down the EU’s multiannual financial framework for 2021-2027. The regulation provides for a long-term budget of €1 074.3 billion for the EU27 in 2018 prices, including the integration of the European Development Fund. Together with the Next Generation EU recovery instrument of €750 […]
Agreement between the European Parliament and EU Member States on Europe’s next long-term budget and NextGenerationEU
The European Commission has today welcomed the agreement between the European Parliament and EU Member States in the Council on Europe’s next long-term budget and NextGenerationEU, the temporary recovery instrument. Once adopted, the package of a total of €1.8 trillion will be the largest package ever financed through the EU budget. It will help rebuild […]
EU: Agreement on recovery package
We have done it: Europe is strong, Europe is robust and, above all, Europe is united Charles Michel EU leaders agreed a recovery package and the 2021-2027 budget that will help the EU to rebuild after the pandemic and will support investment in the green and digital transitions. The socio-economic fallout from the COVID-19 crisis […]
EU’s long-term budget
The process to establish the next long-term budget of the EU for the period 2021-2027 has started. It’s about the future of Europe, about whether the EU does less, the same or more for its citizens. This Q&A reflects Parliament’s position and the state of play before the outbreak of the COVID-19 pandemic. The European […]
Coronavirus: Commission proposes to activate fiscal framework’s general escape clause to respond to pandemicCoronavirus: activating fiscal framework’s general escape clause to respond to pandemic
The Commission proposed on Friday the 20th the activation of the general escape clause of the Stability and Growth Pact (SGP) as part of its strategy to respond quickly, forcefully and in a coordinated manner to the coronavirus pandemic. Once endorsed by the Council, it will allow Member States to undertake measures to deal adequately […]
Long-term budget: EU needs proper funding to tackle crises, say MEPs
The EU should have the financial means to tackle challenges such as coronavirus or migration, said MEPs in a plenary debate on the EU long-term budget. The discussion in Parliament on 10 March focused on the proposal of European Council President Charles Michel for the size and structure of the EU’s long-term budget that failed to gain approval […]