25 Nov 2015
EUROPEAN PARLIAMENT ADOPTS NEXT YEAR’S EU BUDGET – 25 NOVEMBERBrussels Daily
EU budget for 2016 adopted
Some key features of the 2016 budget include:
More than EUR 4 billion to address the refugee crisis both in the EU and in the countries where refugees are coming from. This brings the total EU funding for the refugee crisis in 2015 and 2016 close to EUR 10 billion.
- EUR 69.8 billion in commitments (nearly half of the annual budget) to stimulate growth, employment and competitiveness.
- EUR 2 billion in commitments and EUR 500 million in payments to unlock EUR 315 billion of investments for Europe with the guarantees from the European Fund for Strategic Investments (EFSI)
- EUR 10 billion in payments (11.6% more than in 2015) to invest in research and innovation mainly through Horizon 2020 programme.
- EUR 1.8 billion in payments (30% more than in 2015) to enable young people work and study across the EU through Erasmus+, the European programme for education, training, youth and sport.
Every year in spring the European Commission tables a draft EU budget. This year, the Commission tabled its initial proposal on 27 May 2015 and amended it twice since: first on 26 June 2015 to reflect the agreement on EFSI and then on 14 October 2015 to increase the support for EU farmers and refugees. On that basis, the European Parliament and the Council each take a position. This year, the Council prepared its position in July and formally adopted it on 4 September 2015, while the European Parliament adopted its position on 28 October 2015. When there are differences between the positions of the European Parliament and the Council, they engage in a negotiation process known as the ‘conciliation procedure’. The negotiations are conducted by a specially convened Conciliation Committee, to which the European Parliament and the Council each send 28 representatives. The European Commission – the Vice-President in charge of the budget as well as experts from the Directorate-General for Budget – is also present. The Commission acts as honest broker, and strives to facilitate an agreement between the European Parliament and the Council. This year, negotiations started on 29 October 2015 and were supposed to last until 18 November 2015 but an agreement was already found in the early morning of 14 November 2015. To seal the compromise reached in the budgetary talks, the Council approved (by unanimity) the agreed text on 24 November 2015, followed by the Parliament on 25 November 2015 (by 516 votes to 179, with 8 abstentions).