2015 EU draft budget to help Europe's economic growth despite financial constraints
"Combining the legacy of the past with helping Europe recover from the crisis, and this with scarcer resources". This is how EU budget Commissioner Janusz Lewandowski describes the EU's 2015 draft budget as adopted by the Commission.
"The EU budget is 28 countries pooling together a small part of their resources to the greatest benefit of more than 500 million Europeans, adds Janusz Lewandowski. It helps avoid duplications of efforts at the national level and makes each of our member states stronger as combined efforts bring better results than fragmented action. The 2015 draft budget amounts to 1% of combined GNI of all Member States and manages to take into account present and future major issues such as the Ukrainian crisis or the need to strengthen the EU’s energy security by refocusing its scarce resources."
The proposed increase of 2.1% in commitments and 1.4% in payments is virtually absorbed by the estimated inflation rate for 2015.
Commitment appropriations focus on the new programmes (2014-2020 MFF) and almost 60% of the proposed amount is dedicated to programmes that support Europe's research and innovation, youth and businesses.
The lion's share of payment appropriations goes to areas that boost Europe's economic growth and jobs (+29.5% compared to 2014) such as research (Horizon 2020), trans-European networks for energy, transport and ICT (Connecting Europe Facility) or the Youth Employment Initiative.
Other areas that see an increase in payments are the asylum, migration and integration fund (+140%) and protecting Europeans' health and consumers (+20%).
The functioning cost of the EU remains stable at around 4.8% of the total budget. Its increase (+1.6%) is around the expected rate of inflation, therefore it does not increase in real terms. The draft budget also includes the third 1% staff reduction in three years. Finally, the Commission cut the expenditure and staffing requests of other EU institutions to better align them with the staff reduction target of 5% over 5 years and apply restraint to other administrative costs.
Following today's adoption by the Commission of the 2015 draft budget, the Council (Member States) will adopt its position on it, followed by the European Parliament. This will be followed by a 21-day conciliation period to find a compromise agreement between the Council and the Parliament.
Latest News from
European Union presents its progress towards sustainable development19/07/2019 15:25:00
At the UN High-Level Political Forum for Sustainable Development in New York, the EU has reaffirmed its strong commitment to deliver on the United Nations 2030 Agenda for Sustainable Development.
EC fines US chipmaker Qualcomm €242m for engaging in predatory pricing19/07/2019 13:25:00
The EC has fined Qualcomm €242m for abusing its market dominance in 3G baseband chipsets. Qualcomm sold below cost, with the aim of forcing its competitor Icera out of the market. This is illegal under EU antitrust rules.
EC opens investigation into possible anti-competitive conduct of Amazon18/07/2019 15:25:00
The EC has opened a formal antitrust investigation to assess whether Amazon's use of sensitive data from independent retailers who sell on its marketplace is in breach of EU competition rules.
Turkish drilling activities in the Eastern Mediterranean16/07/2019 15:25:00
The Council adopted the following conclusions on the Turkish drilling activities in the Eastern Mediterranean.
Four new substances added to the Candidate List16/07/2019 13:43:00
The Candidate List of substances of very high concern (SVHCs) for authorisation now contains 201 substances.
Imports of hormone-free beef: EU-US agreement confirmed16/07/2019 11:43:00
The Council has adopted a decision on the signing of an agreement between the EU and the US on the allocation to the US of a share in the TRQ for high quality beef regarding the importation of beef from animals not treated with certain growth-promoting hormones.
EIOPA consults on the harmonisation of national insurance guarantee schemes15/07/2019 12:32:00
Tthe European Insurance and Occupational Pension Authority (EIOPA) has launched a consultation on its Advice on the harmonisation of national insurance guarantee schemes across the Member States of the European Union.
EU-U.S. trade talks: milestone reached in mutual recognition on pharmaceuticals12/07/2019 15:25:00
The EU and the USA have delivered on a significant element of the Joint Statement agreed by Presidents Juncker and Trump in July 2018. The positive transatlantic trade agenda established in the Joint Statement includes a commitment from both sides to reduce barriers and increase trade in a range of sectors, including pharmaceuticals.
Airbnb cooperates with EC and EU consumer authorities improving the way it presents offers12/07/2019 13:25:00
The EC has announced that, as a result of negotiations with Airbnb, the platform has improved and fully clarified the way it presents accommodation offers to consumers, which is now in line with the standards set in EU consumer law.