Press release - EU investment budget for 2020 must focus on the Europe of tomorrow

The aim is to deliver on the pledge of 20% of EU investment for climate change action in the 2014-2020 Multiannual Financial Framework (MFF).

Metadata
Provider: 
European ParliamentEuropean Parliament
URL: 
http://www.europarl.europa.eu/news/en/press-room/20191001IPR63143/http://www.europarl.europa.eu/news/en/press-room/20191001IPR63143/
Retrieved on: 
Tuesday, October 1, 2019
Information
Tags: 
Budget of the European Union, Europe, United Nations General Assembly, European Union, Multiannual Financial Framework, Andrey Novakov, Brexit and arrangements for science and technology
Summary
Key Points: 
  • The aim is to deliver on the pledge of 20% of EU investment for climate change action in the 2014-2020 Multiannual Financial Framework (MFF).
  • The whole Parliament will vote on its position on the 2020 Draft Budget on 23 October.
  • About 93% of the EU budget funds real activities on the ground in EU countries and beyond.
  • Unlike national budgets, which are used in large part for providing public services and funding social security systems, the EU budget is primarily an investment budget and, unlike national budgets, the EU Budget cannot run a deficit.
Copyright: 
2019 European Parliament. All Rights Reserved.