Budget of the European Union

Article - Parliament’s case for an ambitious EU long-term budget (infographics)

Retrieved on: 
Thursday, March 5, 2020

The budget ensures the EU has the financial means to run the programmes and projects that benefit Europeans.

Key Points: 
  • The budget ensures the EU has the financial means to run the programmes and projects that benefit Europeans.
  • EU funding supports farmers, cities, regions, students, researchers, businesses and NGOs across Europe.
  • The current EU long-term budget ends on 31 December 2020.
  • EU budget looking to the future

Article - Quiz: test your knowledge of the EU’s long-term budget

Retrieved on: 
Wednesday, February 26, 2020

EU funding supports a wide range of policies and programmes that bring added-value to EU citizens. The EU has both an annual budget and a long-term budget that spans at least five years. The aim of the long-term financial planning is to add more stability and predictability to the EU’s investment priorities.

Key Points: 

EU funding supports a wide range of policies and programmes that bring added-value to EU citizens. The EU has both an annual budget and a long-term budget that spans at least five years. The aim of the long-term financial planning is to add more stability and predictability to the EU’s investment priorities.

So what exactly do you know about the EU budget? Test yourself with our quiz.

Highlights - President Michel’s MFF proposal not acceptable for Parliament's negotiating team - Committee on Budgets

Retrieved on: 
Thursday, February 20, 2020

MEPs will continue to play a key role in deciding the outcome of these talks as any agreement has to be approved by the European Parliament and the Council.

Key Points: 
  • MEPs will continue to play a key role in deciding the outcome of these talks as any agreement has to be approved by the European Parliament and the Council.
  • The Withdrawal Agreement contains a financial settlement setting out the formula for calculating future UK contributions to the EU budget.
  • The UK has, inter alia, committed itself to fully participating in the 2020 EU budget.
  • In return, the UK will continue to receive funding from EU programmes under the 2014-2020 budget plan.

Press release - Budgetary Control Committee asks for stronger measures to protect EU spending

Retrieved on: 
Wednesday, February 19, 2020

The Budgetary Control Committee recommends granting discharge of the Commissions accounts for 2018 (corresponding to 97% of the whole EU budget) by 20 votes in favour and four against.

Key Points: 
  • The Budgetary Control Committee recommends granting discharge of the Commissions accounts for 2018 (corresponding to 97% of the whole EU budget) by 20 votes in favour and four against.
  • The Commission should also come up with rules to disclose who benefits from agricultural funds.
  • One of the most worrying issues observed in some Member States is land grabbing or the misuse of EU funds by organised crime.
  • Background

    The Committee on Budgetary Control (CONT) prepares the EP discharge decision for each budgetary year and scrutinises how the Commission and other EU bodies are managing the EU budget.

Highlights - Plenary debate on the EU's long-term budget ahead of a crucial MFF summit - Committee on Budgets

Retrieved on: 
Monday, February 10, 2020

MEPs will continue to play a key role in deciding the outcome of these talks as any agreement has to be approved by the European Parliament and the Council.

Key Points: 
  • MEPs will continue to play a key role in deciding the outcome of these talks as any agreement has to be approved by the European Parliament and the Council.
  • The Withdrawal Agreement contains a financial settlement setting out the formula for calculating future UK contributions to the EU budget.
  • The UK has, inter alia, committed itself to fully participating in the 2020 EU budget.
  • In return, the UK will continue to receive funding from EU programmes under the 2014-2020 budget plan.

Highlights - What results has the European Fund for Sustainable Development brought so far? - Committee on Budgets

Retrieved on: 
Monday, February 10, 2020

MEPs will continue to play a key role in deciding the outcome of these talks as any agreement has to be approved by the European Parliament and the Council.

Key Points: 
  • MEPs will continue to play a key role in deciding the outcome of these talks as any agreement has to be approved by the European Parliament and the Council.
  • The Withdrawal Agreement contains a financial settlement setting out the formula for calculating future UK contributions to the EU budget.
  • The UK has, inter alia, committed itself to fully participating in the 2020 EU budget.
  • In return, the UK will continue to receive funding from EU programmes under the 2014-2020 budget plan.

Highlights - EPW 2020: How to make the next MFF fit to address global challenges? - Committee on Budgets

Retrieved on: 
Friday, February 7, 2020

MEPs will continue to play a key role in deciding the outcome of these talks as any agreement has to be approved by the European Parliament and the Council.

Key Points: 
  • MEPs will continue to play a key role in deciding the outcome of these talks as any agreement has to be approved by the European Parliament and the Council.
  • The Withdrawal Agreement contains a financial settlement setting out the formula for calculating future UK contributions to the EU budget.
  • The UK has, inter alia, committed itself to fully participating in the 2020 EU budget.
  • In return, the UK will continue to receive funding from EU programmes under the 2014-2020 budget plan.

Highlights - Vote on 2018 Discharge Draft Reports - Committee on Budgetary Control

Retrieved on: 
Thursday, February 6, 2020

Here, together with 29 colleagues from a total of 16 countries, I am committed to ensuring effective control of the EU budget.

Key Points: 
  • Here, together with 29 colleagues from a total of 16 countries, I am committed to ensuring effective control of the EU budget.
  • Our work involves controlling and monitoring the correct, targeted use of the budget (some EUR 166 billion in 2019).
  • The Committee on Budgetary Control is supported in its work by the European Court of Auditors (ECA) in Luxembourg.
  • Look at the figures, because they are looking at you good financial management results in security, trust and reliability.

Highlights - Kicking off preparations for EP position on EU's 2021 budget - Committee on Budgets

Retrieved on: 
Tuesday, February 4, 2020

MEPs will continue to play a key role in deciding the outcome of these talks as any agreement has to be approved by the European Parliament and the Council.

Key Points: 
  • MEPs will continue to play a key role in deciding the outcome of these talks as any agreement has to be approved by the European Parliament and the Council.
  • The Withdrawal Agreement contains a financial settlement setting out the formula for calculating future UK contributions to the EU budget.
  • The UK has, inter alia, committed itself to fully participating in the 2020 EU budget.
  • In return, the UK will continue to receive funding from EU programmes under the 2014-2020 budget plan.

USVP Raises $340M Early-Stage Venture Capital Fund, USVP XII

Retrieved on: 
Monday, February 3, 2020

U.S. Venture Partners (USVP), a top-tier, early-stage venture capital firm, announced today the closing of USVP XII, a $340M fund.

Key Points: 
  • U.S. Venture Partners (USVP), a top-tier, early-stage venture capital firm, announced today the closing of USVP XII, a $340M fund.
  • USVP XII follows USVP XI, a successful $300M fund that is now fully invested.
  • With USVP XII, we are pleased to continue building on our extensive track record of successful early-stage VC investing, said Rick Lewis, General Partner.
  • U.S. Venture Partners (USVP) is a leading Silicon Valley venture capital firm, partnering with entrepreneurs to transform their ideas into world-changing companies.