2018 EU Budget (commitments, € billion, current prices)

Based on the draft budget (presented on 29 June 2017) and the amending letter 1/2018 from the European Commission, the Parliament and the Council negotiated the budget in the annual budgetary procedure (see Box 1 below). In their respective readings during the procedure leading to adoption, the Council cut the initial proposal of the European Commission, while the Parliament increased it (Figure 7 above). The adopted budget set the overall level of commitments at a level in between the two positions, and partly modified the distribution of resources initially proposed by the European Commission in line with priorities identified by the Parliament.