BUDGET COUNCIL 16 NOVEMBER

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BUDGET COUNCIL 16 NOVEMBER
10 Nov 2016

BUDGET COUNCIL 16 NOVEMBER

Brussels Daily

ECONOMIC and FINANCIAL AFFAIRS (BUDGET) COUNCIL Wednesday 16 November in Brussels – read the Background Brief for full details

 

Starting at 10.00 the Council will prepare the meeting of the conciliation committee taking place the same day from 11.30 onwards by providing the presidency guidance.

 

The conciliation committee’s task is to bridge the gap between the Council’s and European Parliament’s positions on the 2017 EU budget and to agree on a joint text.

 

The challenge in the negotiations will be to ensure that the 2017 EU budget

 

 provides sufficient resources to cope with the current challenges, especially in the field of growth and jobs, migration and security

 leaves adequate margins under the expenditure ceilings of the EU’s multiannual financial framework (MFF) for 2014-2020

 is in line with actual payment needs

 respects the deal reached on the financing of the European fund for strategic investments

 reflects the EU institutions’ commitment to reduce their staff by 5% by 2017

 does not preempt the outcome of the negotiations on the MFF mid-term review

 

After the meeting of the conciliation committee the Council will resume its session to take note of the results and endorse the deal. If the negotiations with the Parliament are not successful the Council might decide on the next steps.

Unlike the work of the conciliation committee the Council meeting will be held in public session.

If the conciliation committee reaches agreement, the Council and the Parliament have to formally approve it within 14 days.

The presidency will hold a press conference at the end of the Council meeting (probably late in the evening).

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