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Figure 8 – 2019 EU budget (commitments, € billion, current prices)

Figure 8 – 2019 EU budget (commitments, € billion, current prices)

2019 EU budget (commitments, € billion, current prices)

The procedure, in accordance with Article 314 of the TFEU, started with the Commission presenting a draft budget on 23 May 2018. In the autumn the Parliament and the Council negotiated the budget based on this proposal and the Amending Letter 1/2019 (see Box 1 below). In their respective readings during the procedure, the Council cut the initial proposal of the European Commission, while the Parliament increased it (Figure 8). After 21-day conciliation procedure provided for in the Treaty the negotiations ended without agreement on 19 November 2019.

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