14 Nov 2018
AGENDA ECONOMIC-FINANCIAL AFFAIRS COUNCIL 16 NOVEMBERBrussels Daily
Eco-Financial Affairs Council (Budget)
The Council will prepare negotiations with the European Parliament on the EU’s general budget for 2019. The negotiations will be held at a conciliation committee meeting the same day.
The conciliation committee’s task is to bridge the gap between the Council’s and European Parliament’s positions and to agree on a joint text.
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.
On 24 October, the Council announced that it cannot accept all of the Parliament’s amendments for the 2019 budget. As a result, a three-week conciliation process started on 30 October. The period will end on 19 November.
The Parliament is asking for total commitments to be increased to €166.3 billion and total payments to €149.3 billion. The Council set total commitments at €164.1 billion and total payments at €148.2 billion.