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Compromise on long-term EU budget: EP obtains €16 billion more for key programmes

2 mins read

The FINANCIAL — On Tuesday, after ten weeks of intense negotiations, Parliament’s budget negotiators agreed with the Council Presidency on the outline of an agreement on the next Multiannual Financial Framework (MFF 2021-2027) and new Own Resources. The compromise needs to be endorsed by both institutions. In the compromise, Parliament obtained €16 billion on top of the package agreed by heads of state or government at their summit in July. €15 billion will reinforce flagship programmes to protect citizens from the COVID-19 pandemic, provide opportunities to the next generation, and preserve European values. €1 billion will increase flexibility to address…

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Compromise on long-term EU budget: EP obtains €16 billion more for key programmes

2 mins read

The FINANCIAL — On Tuesday, after ten weeks of intense negotiations, Parliament’s budget negotiators agreed with the Council Presidency on the outline of an agreement on the next Multiannual Financial Framework (MFF 2021-2027) and new Own Resources. The compromise needs to be endorsed by both institutions. In the compromise, Parliament obtained €16 billion on top…