Growth in gross domestic product (GDP) in Europe collapsed in 2020 as a result of the economic crisis caused by the coronavirus pandemic. Continue reading
This year again, for the fifth consecutive time, the European Parliamentary Research Service (EPRS) held its first event of the year on ten key issues to watch in the year ahead. Continue reading
This briefing provides a graphic presentation of the political agreement reached on 10 November 2020 between the Parliament and the Council Presidency, enabling the EU to finance the extraordinary needs in the aftermath of the Covid-19 pandemic. It highlights the improvements that the European Parliament achieved in particular. Continue reading
Access to stable and adequate financial resources is a crucial condition for the realisation of the global goals of intergovernmental organisations (IGOs). Continue reading
The current multiannual financial framework (MFF), also known as the EU’s long-term budget, comes to an end this year. Continue reading
On 2 April 2020, as part of the EU response to the needs resulting from the coronavirus outbreak, the European Commission proposed to activate the Emergency Support Instrument and reinforce the Union Civil Protection Mechanism (rescEU). Continue reading
Heading 2 – Cohesion and values – is the biggest in terms of budget in the multiannual financial framework (MFF) proposed by the European Commission for the 2021 to 2027 period. Continue reading
Growth in the European Union and euro-area economies – albeit still positive – slowed significantly in 2019. Moreover, prospects for the next two years remain muted, against the backdrop of a generalised slowdown. Continue reading
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
If you are looking for a comprehensive source of information, analysis and infographics on the EU’s post-2020 multiannual financial plan, you are in the right place. This blog post will lead you through a collection of publications, prepared by researchers at the European Parliamentary Research Service, covering the EU multiannual financial framework for 2021-2027 and the Next Generation EU, own resources as well as all proposed sector-specific acts for new and continued programmes and funds. Continue reading
This in-depth analysis is a follow-up to the EPRS briefing ‘Post-2020 MFF and own resources – Ahead of the Commission’s proposal’, published in April 2018, shortly before the Commission published its proposals for a multiannual financial framework (MFF) for the 2021-2027 period and a new system of own resources. It provides an assessment of some of the proposals’ most important elements, as well as an overview of how they respond to a series of issues raised by the European Parliament. Continue reading
Following the publication of the study on ‘Performance budgeting: A means to improve EU spending’, an EPRS roundtable discussion was held in the European Parliament library on 5 June 2018. Speakers, including Martina DLABAJOVÁ (ALDE, Czech Republic, Vice-President of EP Committee on Budgetary Control), Maria Rosa ALDEA BUSQUETS (Deputy Director-General, DG Budget, European Commission), Joël COSTANTZER (Principal Auditor, Financing and Administering the Union, European Court of Auditors) and Magdalena SAPAŁA (Policy Analyst, Budgetary Policies Unit, EPRS), contributed to the lively discussion. EPRS Director Etienne BASSOT delivered a welcoming speech, while the event was moderated by Fabia JONES, acting head of the EPRS Budgetary Policies Unit. Continue reading
On 2 May, the Commission is expected to publish proposals for a new multiannual financial framework (MFF) for the European Union for the years after 2020, as well as for a new system of own resources (OR) to provide the EU with the means to finance its annual budgets. Continue reading
In the aftermath of the United Kingdom’s decision to leave the European Union (EU), following the referendum of June 2016, the EU launched a profound reflection on the Future of Europe, which continues in various fora and institutions. Continue reading
In 2015, the European Commission launched an initiative entitled, ‘The EU budget focused on results’. The initiative is aimed at changing spending culture and making results a horizontal priority for the EU budget, by paying as much attention to funds’ performance, efficiency and effectiveness as to their absorption and compliance with financial rules. Continue reading
Written by Magdalena Sapala, Jean Weissenberger, The €6 396.6 million European Maritime and Fisheries Fund (EMFF) may be the smallest of the European Structural and Investment Funds for the 2014-2020 period, but it is the principal financial tool supporting the EU common fisheries policy (CFP). Governed by Regulation 508/2014, (the EMFF Regulation), the Fund aims at providing the … Continue reading
Written by Alessandro D’Alfonso, Angelos Delivorias, Magdalena Sapała and Andrej Stuchlik , This study presents the 2017 economic and budgetary outlook for the European Union, explores the most recent developments in EU budgetary negotiations, and focuses on the investment gap in the EU, as a major economic challenge for the Union. In 2016, the EU … Continue reading
Written by Magdalena Sapała, The European Regional Development Fund (ERDF) is one of five European Structural and Investment (ESI) Funds aimed at achieving economic, social and territorial cohesion in the European Union. The ERDF’s primary task is to redress the main regional imbalances in the Union through investment in the structural adjustment of regions where … Continue reading
The Cohesion Fund allocation for 2014-2020 is €63 396.06 million, this is 14% of total ESI Funds allocation and almost 7% of the total EU Multiannual Financial Framework. The biggest recipient of the fund in absolute terms is Poland, followed by Romania. Estonia and Slovakia receive the highest support per inhabitant. Continue reading
Written by Magdalena Sapała, The EU’s Multiannual Financial Framework (MFF) lays down maximum annual levels of EU spending in different areas. The current MFF covers the period from 2014 to 2020, and is the EU’s fifth consecutive multiannual financial plan. This MFF is the first to take the form of a regulation, and the first … Continue reading