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Future financing of the EU and draft budgetary opinions for Spain and Lithuania
The EC discussed the future financing of the EU and adopted opinions on the updated Draft Budgetary Plans of Spain and Lithuania.
Future financing of the EU
Mario Monti, Chair of the High-Level Group on Own Resources, presented today to the College of Commissioners the conclusions on the future financing of the EU, drawn up by the independent group he had chaired.
The High-level Group on Own Resources considers that the EU budget needs reform, both on the revenue and on the expenditure side, to address current challenges and to achieve tangible results for European citizens.
The Commission took note of the conclusions and will take them into account in the preparatory work for the next Multiannual Financial Framework.
The group was set up in February 2014 to reflect on more transparent, simple, fair and democratically accountable ways to finance the European project. It was composed of personalities who, whilst being designated by the European Parliament, the Council and the European Commission, contributed in their personal capacity.
Opinions on the updated Draft Budgetary Plans of Spain and Lithuania
The European Commission today adopted Opinions on Spain and Lithuania's updated Draft Budgetary Plans for 2017, which were submitted last December following the formation of new governments in both countries. This assessment is based on an update of the Commission 2016 autumn forecast, carried out only for these two Member States.
According to the Commission, Spain, currently in the corrective arm, is considered as compliant with the Stability and Growth Pact in 2017 while Lithuania, in the preventive arm, is deemed to be at risk of non-compliance pending the assessment of requested flexibility.
Related Links
Future financing of the EU
- Final report and recommendations of the High Level Group on Own Resources, December 2016 (EN)
- Report main recommendations (EN)
- Questions and answers on the Report by the high-level group on own resources (EN)
- High-level group on own resources website
- EU's own resources
Opinions on the updated Draft Budgetary Plans of Spain and Lithuania
- Press release - European Commission adopts Opinions on the updated Draft Budgetary Plans of Spain and Lithuania
- Opinions on Draft Budgetary Plans
- Press Release on Opinions adopted in November
- Fact Sheet on Opinions adopted in November
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