The German presidency of the Council reached a political agreement with the European Parliament’s negotiators in talks aimed at securing the Parliament’s consent to the next multiannual financial framework, the EU’s long-term budget.
The agreement complements the comprehensive financial package of €1 824.3 billion negotiated by EU leaders in July, which combines the next multiannual financial framework – €1 074.3 billion – and a €750 billion temporary recovery instrument, Next Generation EU (in 2018 prices).
The political package agreed with the Parliament includes:
- a targeted reinforcement of EU programmes, including Horizon Europe, EU4Health and Erasmus+, by €15 billion through additional means (€12.5 billion) and reallocations (€2.5 billion) in the course of the next financial period, while respecting the expenditure ceilings set out in the European Council conclusions of 17-21 July
- more flexibility to allow the EU to respond to unforeseen needs
- greater involvement of the budgetary authority in the oversight of revenue under Next Generation EU
- higher ambition on biodiversity and strengthened monitoring of biodiversity, climate and gender related spending
- an indicative roadmap towards the introduction of new own resources
The deal will now be submitted to member states for endorsement together with the other elements of the next multiannual financial framework and recovery package.
More details here.