Budget of the European Union

EU's regions and cities praise increase in EU health budget

Retrieved on:

Friday, November 13, 2020

Organizations, Articles, International organizations, Confederations, European Union, Budget of the European Union

The sum is less than the EU's regions and cities had called for, but it is triple the budget that member states had wanted.

Key Points:

The sum is less than the EU's regions and cities had called for, but it is triple the budget that member states had wanted.
The CoR, like the European Parliament, had pressed for a budget of 9.4 billion, but EU member states said in July that they were prepared only to accept a budget of 1.7 billion.
The CoR also adopted recommendations to introduce a European health emergency mechanism and to improve cross-border health care .
They said they would most like cities and regions to have a say on health-related decisions made by the EU.

Press release - EU budget 2021: supporting a sustainable recovery from the pandemic

Retrieved on:

Friday, November 13, 2020

Organizations, Articles, Budget of the European Union, European Union

The 2021 budget should focus on mitigating the effects of the pandemic and supporting the recovery, building on the Green Deal and digital transformation.

Key Points:

The 2021 budget should focus on mitigating the effects of the pandemic and supporting the recovery, building on the Green Deal and digital transformation.
Parliament has set the overall level of the 2021 EU budget at just under 182 billion in commitment appropriations, representing an increase of 15 billion compared to the Commissions proposal .
About 93% of the EU budget funds real activities in EU countries and beyond.
Unlike national budgets, which are largely used to provide public services and fund social security systems, the EU budget is primarily an investment budget.

EU budget: regional and local leaders welcome deal and urge funds release in first half of 2021 to help citizens and business struggling with COVID19 second wave

Retrieved on:

Thursday, November 12, 2020

Budget of the European Union

You are here > > News > EU budget: regional and local leaders welcome deal and urge funds release in first half of 2021 to h...

Key Points:

You are here > > News > EU budget: regional and local leaders welcome deal and urge funds release in first half of 2021 to h...
"The agreement is a sign of hope for local communities coping with the pandemic's second wave.
The final adoption must follow soon to ensure funds reach them in the first half of 2021.
In case of delays, vital investment carried out in 2021 even before the entry into force of new budget - must be retrospectively eligible.
3) Funding schemes to help regional and local communities compensate local tax losses and reengineer public services making them digital, sustainable and resilient;
4) Simplified procedures to fund sustainable local infrastructure.

InvestEU: Council agrees its position on revised Commission proposal

Retrieved on:

Thursday, November 5, 2020

Organizations, Articles, Multiannual Financial Framework, Budget of the European Union, International organizations, European Parliament, European Union

Member states' EU ambassadors today agreed the Council's partial mandate for negotiations with the European Parliament on a revised Commission proposal for the InvestEU programme.

Key Points:

Member states' EU ambassadors today agreed the Council's partial mandate for negotiations with the European Parliament on a revised Commission proposal for the InvestEU programme.
The aim of InvestEU is to encourage public and private investor participation in financing and investment operations by providing guarantees from the EU budget to address failures and sub-optimal investment situations.The Commission presented a revised proposal for this programme as part of the revised multiannual financial framework and recovery package in May 2020.
The Council also anchors the Just Transition Scheme under InvestEU, as the second pillar of the Just Transition Mechanism, in the InvestEU regulation.
Next steps
Negotiations with the European Parliament are expected to start as soon as the Parliament has agreed on its mandate.

Press release - 2021 EU budget must focus on supporting a sustainable recovery from the pandemic

Retrieved on:

Thursday, October 29, 2020

Organizations, Articles, Budget of the European Union, International organizations, European Union

They have set the overall level of the 2021 EU budget at just under 182 billion in commitment appropriations, representing an increase of 15 billion compared to the Commissions proposal.

Key Points:

They have set the overall level of the 2021 EU budget at just under 182 billion in commitment appropriations, representing an increase of 15 billion compared to the Commissions proposal.
MEPs also aim to achieve a biodiversity spending level of 10% and a climate mainstreaming spending level of 30% for 2021.
About 93% of the EU budget funds real activities in EU countries and beyond.
Unlike national budgets, which are largely used to provide public services and fund social security systems, the EU budget is primarily an investment budget and, unlike national budgets, the EU budget cannot run a deficit.

Press release - InvestEU Fund: boost for sustainable, innovative and social investment

Retrieved on:

Thursday, October 29, 2020

Organizations, Articles, Budget of the European Union, International organizations, European Union

It will address market failures, sub-optimal investments and the investment gap in targeted sectors, for the period 2021-27.

Key Points:

It will address market failures, sub-optimal investments and the investment gap in targeted sectors, for the period 2021-27.
The InvestEU programme (part of the MFF 2021-2027 package EU budget for the future) aims to deal with this problem.
InvestEU will consist of the InvestEU Fund, the InvestEU Advisory Hub, and the InvestEU Portal (More information).
Next steps
Parliament will vote on its mandate to start negotiating with EU governments during the session in November.

President Tzitzikostas to President Michel: Delaying EU budget and investment plan are putting lives, jobs and recovery at risk

Retrieved on:

Wednesday, October 21, 2020

Organizations, Articles, European Committee of the Regions, Regionalism, Budget of the European Union, International organizations, European Union

You are here > > News > President Tzitzikostas to President Michel: Delaying EU budget and investment plan are putting lives...

Key Points:

You are here > > News > President Tzitzikostas to President Michel: Delaying EU budget and investment plan are putting lives...
President Tzitzikostas to President Michel: Delaying EU budget and investment plan are putting lives, jobs and recovery at risk
"EU budget must be tied to rule of law but regions and cities should not lose out for national governments behaviour", says CoR President.
During bilateral talks with the President of the European Council, President Tzitzikostas said that access to the EU's budget and investment plans must be on the condition that the rule of law was fully respected.
The President of the European Committee of the Regions also called on the European Parliament to help end the impasse in agreeing the EU budget and recovery plans, which could put Europe's recovery at risk.
By delaying an agreement on the 1.8 trillion EU budget and recovery plans, there is a serious risk public services will collapse around Europe, risking lives and jobs.

Press release - 77% of Europeans insist EU funds be linked to respect for Rule of Law

Retrieved on:

Wednesday, October 21, 2020

Organizations, Articles, United Nations General Assembly, Budget of the European Union, European Union, Brexit and arrangements for science and technology, Accession of Turkey to the European Union

At least seven in ten participants agree with this statement in 26 EU Member States.

Key Points:

At least seven in ten participants agree with this statement in 26 EU Member States.
In 20 EU Member States, a majority of the participants agrees with this claim; in 14 EU Member States, an absolute majority of participants supports a larger EU budget.
The total EU results are weighted according to the size of the population of each country surveyed.
The publication of the full report for this survey, including the complete data set, is planned for early November 2020.

Article - Video: what is the multiannual financial framework?

Retrieved on:

Saturday, October 3, 2020

Organizations, Articles, Budget of the European Union, Multiannual Financial Framework, European Union (Finance) Act, European Union, Brexit divorce bill

The multiannual financial framework, or the EU long-term budget, lays down how much the European Union can invest over five to seven years on projects and programmes that strengthen Europes future.

Key Points:

The multiannual financial framework, or the EU long-term budget, lays down how much the European Union can invest over five to seven years on projects and programmes that strengthen Europes future.
Investments funded by the EU budget benefit regions, cities, farmers, universities, businesses and all Europeans.
The European Parliament, directly-elected by voters across the EU, has a central role in determining the long-term budget.
With the current multiannual financial framework due to end on 31 December 2020, Parliament is now in negotiations with the Council and the European Commission on the 2021-2027 budget.

COVID-19: Council approves €87.4 billion in financial support for member states under SURE

Retrieved on:

Saturday, September 26, 2020

Eurozone, Budget of the European Union, Money, Finance, European Union, Economy, Stock market crashes, Systemic risk, United States Department of the Treasury, European Union financial transaction tax

The Council today approved 87.4 billion of financial support to 16 member states in the form of EU loans under SURE a temporary EU instrument to mitigate unemployment risks during the COVID-19 crisis.

Key Points:

The Council today approved 87.4 billion of financial support to 16 member states in the form of EU loans under SURE a temporary EU instrument to mitigate unemployment risks during the COVID-19 crisis.
Financial support under SURE is granted to member states as follows:
Other member states can still present their requests for financial assistance.
SURE loans are backed by the EU budget and guarantees provided by member states according to their share in the EUs GNI, for a total amount of 25 billion.
Next steps
The Commission will now raise funds on international capital markets on behalf of the EU and provide them as back-to-back loans to the member states that requested the loans.