"A Budget for Europe 2020"
Innovative, ambitious, but realistic proposal
On 29 June 2011 the European Commission presented a package of legislative proposals and related documents addressing policy challenges facing the European Union in the years to come. Within the so called Multiannual Financial Framework (MFF) the Commission's adopted its principal position to the Union's finances for the years 2014-2020.
The proposal follows a discussion over the EU Budget Review launched in October 2010 and brings several important new elements. The Connecting Europe Facility is designed to fund cross-border projects in energy, transport and information technology throughout Europe. Key changes in research, cohesion, agriculture and external action are tabled. For the future financing of the EU Budget the Commission suggests to use innovative financial instruments, pushes for further simplification and presents a new own resources system.
The Commission's plan focuses on priority funding at the EU level that provides true added value. At the same time, this innovative EU budget remains focused: The overall amount proposed for the next seven years is €1,025 billion in commitments (1.05% of the EU GNI) and €972.2 billion (1% of EU GNI) in payments.
President Barroso said: "This is an innovative budget and I invite you to look beyond the headline figures to see how, with this budget, we will deliver growth and jobs." "In the current times of fiscal austerity all across the EU, the Commission has presented an ambitious but realistic proposal for the next MFF", explains commissioner for financing programming and budget Janusz Lewandowski.
- Press release
- Video of the Conference - 29 June 2011 - 21h07
- Presentation of Commissioner Lewandowski
- Financial framework proposed by the Commission
- Dedicated website: Multiannual Financial Framework 2014-2020