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European Commission announces 2020 budget proposal

jeudi, 6 juin, 2019 - 11:12

The European Commission has proposed an EU budget for 2020 of 168.3 billion euros in commitments, focused on promoting the competitiveness of the European economy, social solidarity and security.

One fifth of the budget is allocated to combat climate change, a figure “in line with the ambitious goal” of allocating 20 percent of the current long-term budget of the EU to activities related to the climate crisis.

In addition, more than 83 billion euros in commitments will boost economic growth and support European regions and youth.

Of that amount, 13.2 billion euros will go to research and innovation, 2.8 billion  to Erasmus + and 117 million to the youth employment initiative to support young people in regions where unemployment among young people is high.

It also proposes 1.2 billion for the Galileo European satellite navigation system and 255 million for the European defence industrial development program.

In the area of ​​solidarity and security, both within and outside Europe, the Commission proposes 420.6 million euros  for the European Agency for Border and Coast Guard (Frontex) ) and 156.2 million for the new RescEU program, to better respond to earthquakes or forest fires.

It also provides 560 million euros for people in need within Syria and refugees and host communities in the region.

Intended to complement the national budgets of Member States, the budget amounts to approximately 1 percent of the gross national income of the EU and represents around 2 percent of all EU public expenditure.

Next year’s budget will be the last within the the current budgetary framework covering 2014 to 2020 and “is based on the assumption that the United Kingdom will participate fully, as if it were a Member State, in the financing and implementation (of the budget)”, despite its plans to leave the Union.

The Commission published its proposals for the next long-term EU budget (2021-2027) in the spring of 2018.

This budgetary framework will be negotiated together with the budget for 2020 by the Member States and the European Parliament.

 

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