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EU budget and external cooperation

Currently, when EU institutions are working on the new financial framework 2014-2020, let's take a look how the EU budget makes Europe count in the world.

Budget 2013 

At a time when the world order is changing rapidly and emerging economies like China, India, and Brazil are asserting their influence, Europe must stand together and be an active partner to shape global action. To pull its weight on the global scene and defend its interests and values, Europe needs to pool its resources and act united, for example through its common trade policy, by preparing accession candidates to become new members, by investing in our neighbourhood, and by helping those in need.

The European Union's budget is small (around 1% of EU gross national income, with EU external actions consuming only around 6% of the whole EU budget) but produces concrete results on many things where financing at EU level gives a better return on investment.

The new financial framework 2014-2020 will also address how the EU budget makes Europe count in the World.

The MFF translates the Union's political priorities for at least five years into financial terms. It sets annual maximum amounts (ceilings) for EU expenditure as a whole and for the main categories of expenditure (headings), while being not as detailed as an annual budget. On 29 June 2011, the European Commission presented its proposals for the MFF 2014-2020. The European Union has a small budget, but with a big impact for Europe's citizens. The Commission's proposal for a multi-annual budget for 2014-2020 responds to today's concerns and tomorrow's needs. It represents a budget for investment and growth to ease the pressure on Member States' finances, focussing on Europe 2020 priorities, impacts and results. The proposal focuses further on priority funding at the EU level that provides true added value. The overall amount proposed for the next seven years in 2011 prices is €1,025 billion in commitments (1.05% of the EU GNI) and €972.2 billion (1% of EU GNI) in payments.

The legislative package presented today is part of the proposals of the next MFF. It consists of a main Communication entitled ‘Global Europe’ and legislative proposals for nine geographic and thematic instruments.

An increased external relations budget will help make Europe count in a world of shifting alliances and emerging new powers. The changing context means that Europe must do more to make its voice count. €18 billion will be allocated to our Neighbourhood Policy to promote democracy and prosperity in countries neighbouring Europe. We will also continue delivering on our commitments to help the poorest in the world. The Development Cooperation Instrument (DCI) will receive €23 billion to focus on poverty eradication and to maintain our pledge on the Millennium Development Goals (MDGs). This adds to the proposed €30 billion to be financed by the European Development Fund outside the EU budget.

 

Last update: 06/02/2013 | Top