Ministers will prepare negotiations with the European Parliament on the EU’s general budget for 2018. The negotiations will be held at a conciliation committee meeting the same day.
On 25 October, the Council announced that it cannot accept all the Parliament’s amendments for the 2018 budget. As a result, a three-week conciliation process started on 31 October with the aim to bridge the differences between the two institutions.
The Parliament is asking for total commitments to be increased to €162.6 billion and total payments to €146.7 billion. The Council set total commitments at €158.9 billion and total payments at €144.4 billion.
The conciliation committee is composed of the 28 member states and 28 members of the Parliament. A first meeting was held on 6 November.