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EU Financing / Budgetary Affairs

This category contains 133 posts

Outlook for the meetings of EU leaders on 12-13 December 2019

At the meeting of EU Heads of State or Government in December 2019, the first to be presided over by Charles Michel, EU leaders will meet in three different formats: a regular European Council, a European Council (Article 50) meeting, and an inclusive Euro Summit. Continue reading

Mainstreaming of climate action in the EU budget: Impact of a political objective

The European Union (EU) has developed many legislative measures related to climate change, and is on track to meet its 2020 targets for the reduction of greenhouse gas (GHG) emissions, the improvement of energy efficiency and the increased use of renewables. Continue reading

Plenary round-up – Brussels, October I 2019

Highlights of the October I plenary session included statements and debates on the preparation of the European Council meeting of 17 and 18 October 2019, on greening the European Investment Bank (EIB), in the presence of the Bank’s president, and on how to prevent conflicts of interest in the EU. Continue reading

Plenary round-up – Strasbourg, September 2019

Highlights of the September plenary session included statements and debates on the preparation for the Climate Action Summit and the Sustainable Development Goals Summit in New York, on the importance of European remembrance for the future of Europe, and on the implementation of anti-money laundering legislation. Continue reading

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 [Policy podcast]

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

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