The European Commission is making ambitious yet realistic proposals for a modern EU budget. It is time for an EU budget that reflects rapid developments in innovation, the economy, the environment and geopolitics, amongst others. The Commission is putting forward modern, clearer and simpler EU financial rules that ensure the EU budget delivers on the issues that matter to Europeans.
02 May 2018
"Today is an important moment for our Union. The new budget is an opportunity to shape our future as a new, ambitious Union of 27 bound together by solidarity. With today’s proposal we have put forward both a vision for the kind of Union we want, as well as a pragmatic plan for how we can make it happen. For the first time in our history, a rule of law mechanism will ensure sound financial management of the Union’s budget and protect taxpayer’s money. The ball is now in the court of Parliament and Council and I believe we should aim to have agreement before the European Parliament elections next year."
President of the European Commission
2 May 2018
"This budget proposal is truly about EU added value. We invest even more in areas where one single Member State cannot act alone or where it is more efficient to act together - be it research, migration, border control or defence. And we continue to finance traditional - but modernised - policies, such as Common Agricultural Policy and Cohesion Policy, because we all benefit from the high standard of our agricultural products and regions catching up economically."
Günther H. Oettinger
Commissioner for Budget & Human Resources,
2 May 2018