New targeted amendments to existing EU funding programmes will support faster, more flexible and coordinated investments in Europe’s defence technological and industrial base (EDTIB). Under a new Regulation to stimulate defence-related investments within the EU budget proposed today by the Commission, the EU will strengthen its defence Readiness 2030 and to implement the ReArm Europe plan. The proposed […]
Council and Parliament reach agreement on 2024 annual budget
The Council and the European Parliament reached agreement on the EU’s annual budget for 2024. Next year’s budget strongly focuses on the EU’s main policy priorities and reacts to the currently difficult geopolitical context. Total commitments are set at €189 385,4 million. €360 million have been kept available under the expenditure ceilings of the current multiannual financial framework for […]
The European Commission has presented its proposal for the next generation of own resources
As committed during the negotiations on the long-term EU budget 2021-2027, the European Commission has completed its proposal for a next generation of own resources. This package includes a new temporary statistical own resource based on company profits. Following the political agreement on the Fit For 55 package, which seeks to ensure EU policies contribute […]
Parliament warns of impact of recovery costs on EU budget by 2024
Parliament warned on Wednesday about the impact of recovery costs on the bloc’s 2024 budget, putting the bloc’s main plans at risk. MEPs are “deeply concerned that, if the necessary measures are not taken, the cost of increased funding for European recovery instruments could severely constrain the EU budget in terms of financing EU priorities […]
Forest fires: €170 million to reinforce rescEU fleet
Following a record-breaking forest fire season in Europe, the Commission is proposing €170 million from the EU budget to reinforce its rescEU ground and aerial assets starting from the summer of 2023. The rescEU transitional fleet would therefore have a total of 22 planes, 4 helicopters as well as more pre-positioned ground teams. As from […]
EU Budget 2022 approved
For next year’s EU budget, MEPs have secured better support for health, research, climate action, SMEs and the young. Parliament has obtained in total €479.1 million for its priorities, on top of what the Commission proposed in the draft budget updated by the amending letter. MEPs were successful in increasing funding for programmes and policies that […]
New mechanism aims to protect EU budget and values
The EU is preparing rules which would make it possible to stop payments from the EU budget to member states that do not respect the rule of law. Parliament negotiators reached a provisional agreement with the Council presidency on 5 November on legislation establishing a mechanism that would allow the suspension of budget payments to […]