European Parliamentary Research Service Blog
EU Financing / Budgetary Affairs
European Solidarity Corps 2021-2027 [EU Legislation in Progress]
The financial allocation for the European Commission proposal for a European Solidarity Corps programme is €1 260 million at current prices. Projected to offer opportunities for 350 000 18 to 30 year olds from 2021 to 2027, the programme is included under Heading 2 ‘Cohesion and Values’ of the multiannual financial framework covering the same period. Continue reading
Annual EU budgetary procedure: An introduction to the steps in the EP
The European Parliament (EP) and the Council are the budgetary authority of the European Union. The two institutions, assisted by the European Commission, decide on the budget in the annual EU budgetary procedure. Continue reading
Multiannual financial framework for the years 2021 to 2027: The future of EU finances [EU Legislation in Progress]
On 20 June 2019, the European Council examined the progress of work in the Council on the Commission proposal for the long-term design of the post-2020 EU budget. The European Council now aims to reach an agreement among Heads of State or Government before the end of 2019. Continue reading
How the EU budget is spent: EU cooperation with Greenland
Having been a part of the European Community since 1973 through Denmark’s membership, Greenland withdrew from the European Community in 1985 after the island secured home rule from Denmark. Since then, Greenland has been associated with the European Union as an Overseas Country and Territory (OCT). Continue reading
How the EU budget is spent: Fund for European Aid to the Most Deprived
In 2014, around 122 million people were ‘at risk of poverty or social exclusion’ (AROPE) in the 28 EU Member States– a quarter of the population. This means they were in at least one of the following situations: at risk of monetary poverty (17.2 % of the total population); living in households with very low work intensity (11.1 %); or severely materially deprived (9.0 %). Continue reading
How the EU budget is spent: Spending programmes under the 2014-2020 Multiannual Financial Framework
The EU budget corresponds to around 2 % of total public spending in the European Union, and its impact on the economy is debated, with many analysts deeming it relatively small in size in comparison with the wide range of policy areas in which the EU has responsibilities. However, the EU budget has features that can amplify its impact, starting with the underpinning idea that pooling resources at EU level can be more efficient and effective in a number of policy areas than individual expenditure by Member States. Continue reading
How the EU budget is spent: Fight against fraud: Pericles 2020, Hercule III and AFIS
Member States share an obligation with the EU to protect the Union’s financial interests and to counter fraud, corruption and any other illegal activities affecting them under Article 325 of the Treaty on the Functioning of the European Union (TFEU), on which the EU anti-fraud programme is based. Continue reading
How the EU budget is spent: European Fund for Strategic Investments (EFSI)
An investment gap in the European Union (EU) persisting several years after the financial and economic crisis is one of the various challenges confronting the EU’s multiannual financial framework (MFF) for the years 2014 to 2020 since its beginning. Continue reading
How the EU budget is spent: Euratom research and training programme
All EU Member States are party to the Treaty establishing the European Atomic Energy Community (Euratom). The purpose of the Community is to create the necessary conditions for the development of a powerful European nuclear industry. Continue reading
How the EU budget is spent: European Fund for Sustainable Development
The European Fund for Sustainable Development (EFSD) is one of the EU financial instruments that promote a proactive development aid policy. It covers three areas of activity (‘pillars’): financing, providing technical assistance for the development of bankable projects, and helping to improve the business environment in partner countries through dialogue. Continue reading
Plenary round-up – Strasbourg, March II 2019
Highlights of the March II plenary session included debates on the conclusions of the 21-22 March 2019 European Council meeting and on recent developments on the Dieselgate scandal. Parliament also debated the situation in Algeria and the illegal occupation of Crimea by the Russian Federation. Important debates also took place on various legislative proposals, including on interoperability between EU information systems. Continue reading
EU policies – Delivering for citizens: Future financing of EU policies [Policy Podcast]
The principle of subsidiarity means that the European Union (EU) should act where it can do so more effectively than its constituent Member States individually, and this also holds true in the area of public finance – the EU’s budget together with off-budget tools for financing EU policies. Continue reading
EU anti-fraud programme 2021-2027 [EU Legislation in Progress]
proposal for a regulation establishing an EU anti-fraud programme under the new 2021 to 2027 multiannual financial framework (MFF). Continue reading
The EU’s long-term budget framework [What Think Tanks are thinking]
Since May 2018, European Union governments and the European Parliament are negotiating the next long-term budget for the bloc, the Multi-annual Financial Framework (MFF) for 2021-2027, in a bid to secure sufficient resourses for new priorities such as security, defence and migrationm and to respond in a realistic way to the financial consequences of the the UK withdrwal from the EU. Continue reading
Economic and Budgetary Outlook for the European Union 2019
This EPRS study, the third in an annual series, provides an overview of the economic and budgetary situation in the EU and beyond. It summarises the main economic indicators in the Union and euro area, and their two-year trends. Continue reading
Ten issues to watch in 2019
This annual publication offers up-to-date insight from policy analysts in the European Parliamentary Research Service on ten key issues and policy areas that are likely to feature prominently on the political agenda of the European Union (EU) in 2019. Continue reading
How the EU budget is spent: Guarantee Fund for External Actions
The Guarantee Fund for External Actions (GFEA) backs loans and loan guarantees granted to non-EU countries, or to finance projects in non-EU countries. Continue reading
Protecting the EU budget against generalised rule of law deficiencies [EU Legislation in Progress]
On 3 May 2018 the Commission put forward a proposal for a regulation on the protection of the Union’s budget in the event of generalised deficiencies as regards the rule of law in a Member State. Continue reading
Instrument for Pre-accession Assistance (IPA III) [EU Legislation in Progress]
On 14 June 2018, the European Commission published a proposal for a regulation establishing the Instrument for Pre-accession Assistance (IPA) III as part of a set of external action instruments under the new 2021 to 2027 multiannual financial framework (MFF). Continue reading
Own resources of the European Union: Reforming the EU’s financing system [EU Legislation in Progress]
The EU budget is financed by the system of own resources and cannot run a deficit. The current system provides sufficient revenue to cover EU expenditure, but has often been criticised as opaque and unfair. Continue reading
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