EU News
Printable version

EU budget for 2021: Council agrees position

EU ambassadors yesterday agreed the Council's position on the 2021 EU draft budget. In total, the Council's position for next year's budget amounts to €162.9 billion in commitments and €164.8 billion in payments.

Olaf Scholz, Germany's Federal Minister for Finance and Vice Chancellor yesterday said:

The 2021 budget will help the EU to address the damage of the COVID-19 pandemic, which has deeply affected our societies and economies. The Council's position is fully aligned with the priorities agreed by EU leaders in July for the next multiannual financial framework. It provides appropriate means to support a sustainable recovery as well as the EU's green and digital transition.

The 2021 budget will be complemented by actions to support the COVID-19 recovery, which will be funded by Next Generation EU, the EU's €750 billion pandemic recovery plan.

This is the first annual budget under the long-term EU budget for 2021-2027, the multiannual financial framework (MFF). As the trilateral talks with the Parliament on the next MFF are ongoing, the Council will re-evaluate its position in light of the final text of the MFF and the letter of amendment expected from the Commission later in the procedure.

Click here for the full press release

 

Original article link: https://www.consilium.europa.eu/en/press/press-releases/2020/09/09/eu-budget-for-2021-council-agrees-position/

Share this article

Latest News from
EU News

PolicyInhouse_July