The EU budget for 2024 was approved by the European Parliament

0
87

According to an EP press release, in an agreement with member states reached on November 11, Parliament received an additional €666.5 million for its priorities, beyond what the Commission had originally proposed in the draft budget.

Next year’s EU budget was approved by the European Parliament on Wednesday, with funds for better support for young people and for research, but also for policies facing global challenges. Following its approval by the EP Plenary, the 2024 budget was signed by the President of the European Parliament, Roberta Metzola.

The European Council approved the budget agreement on 20 November.

According to an EP press release, in an agreement with member states reached on November 11, Parliament received an additional €666.5 million for its priorities, beyond what the Commission had originally proposed in the draft budget.

“The MEPs have increased funding for programs and policies that are vital to addressing the consequences of the war in Ukraine and global challenges, as well as supporting young people, including young farmers,” it said. Funding is also being increased for programs contributing to post-pandemic recovery, combating anti-Semitism and strengthening green transition efforts, in line with Parliament’s priorities, it added.

Around 94% of the European budget goes to citizens, regions, cities, farmers and businesses, according to the press release.

In his remarks, the chairman of the Committee on Budgets, Johan Van Overtveldt, (Conservatives, Belgium), said that the 2024 budget “is about difficult and uncertain times” and to meet the expectations of EU citizens and respond to new challenges, such as dealing with the consequences of wars fought in the EU region, the EU budget must be adjusted accordingly.

He also noted that this agreement is only the first step and that Parliament is ready to discuss the proposed revision of the current fiscal framework to prepare the EU for the future “and to demonstrate to our citizens that the Union can provide effective responses ».

As reported, with consensus reached on the 2024 budget, MEPs expect an agreement on the mid-term review of the EU’s long-term budget (MFF, Multiannual Financial Framework) in the Council by the end of the year. This will pave the way for significant additional appropriations in early 2024 through an amending budget to be proposed by the Commission. It added that the planned additional MFF reinforcement aims to provide medium-term support to Ukraine, strengthen flexibility and crisis response capacity, strengthen the EU’s strategic autonomy in 2024 and strengthen its efforts in areas such as migration and external policy.

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here