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High-level Group at work on future financing of the EU

The high level group on own resources holds its first meeting in Brussels today under the chairmanship of Mario Monti, former Italian Prime Minister and European Commissioner.

The creation of the high-level group was announced on 25 February 2014 in Strasbourg by the President of the European Parliament Martin Schulz, the President of the Council Antonis Samaras and the President of the Commission José Manuel Barroso. On that occasion they welcomed Mario Monti as chairman of the Group jointly appointed by the three institutions.

This interinstitutional group, the creation of which was agreed during the negotiations on the Multiannual Financial Framework 2014-2020, will undertake a general review of the own resources system. It will give a first assessment by the end of 2014. National parliaments will have the opportunity to discuss the outcome of the work at an inter-parliamentary conference in 2016. On the basis of the results of this work, the Commission will assess, in parallel to the review and revision process of the MFF 2014-2020, whether to propose reforms to the current system of own resources for the next financial period (post 2020).

Full press release

Read the MEMO on the HLG on OR

Visit the website on the Multiannual Financial Framework 2014-2020