EU budget deal struck with Parliament negotiators

José Manuel Barroso, President of the European Commission (second from left), received Martin Schulz President of the European Parliament (in the middle), Enda Kenny, Irish Prime Minister and President in office of the Council of the EU (second from right), and Eamon Gilmore, Irish Deputy Prime Minister and Minister for Foreign Affairs and Trade (first from left) and Alain Lamassoure, Member of the EP (first from right) . They gathered for a discussion on the Multi-Annual Financial Framework (MFF) 2014-2020 and on an amending budget for 2013. (EC Audiovisual Services 06/05/2013).

José Manuel Barroso, President of the European Commission (second from left), received Martin Schulz President of the European Parliament (in the middle), Enda Kenny, Irish Prime Minister and President in office of the Council of the EU (second from right), and Eamon Gilmore, Irish Deputy Prime Minister and Minister for Foreign Affairs and Trade (first from left) and Alain Lamassoure, Member of the EP (first from right) . They gathered for a discussion on the Multi-Annual Financial Framework (MFF) 2014-2020 and on an amending budget for 2013. (EC Audiovisual Services 06/05/2013).

Negotiations for the European Union proper budgets for the 2014-2020 period between European parliament representatives, the Irish Presidency and the European Commission have been concluded. This is the so-called Multiannual Financial Framework 2014-2020, setting the ceiling for EU spending.

The agreement will now be submitted to both the Council and the European Parliament for final approval. It must be reminded that the European Council of the 27 leaders in February agreed an overall €960 billion spending backstop for the next seven years. This proposal was rejected by the Parliament. After that tensed negotiations started between the Irish Presidency, the Parliament and the Commission aiming at the conclusion of a deal before the summer holidays.

Late night agreement

In the late hours of Wednesday night, Janusz Lewandowski, Commissioner for Financial Programming and Budget said, “After many hours of intense negotiations on 18 and 19 June 2013, the Irish Presidency, the European parliament’s negotiators and the European Commission have concluded the negotiations on the 2014-2020 financial period”.

The Parliament negotiators manage to include in the deal strong flexibility measures to make the fullest use of the amounts available to the EU budgets over the next years. They comprise also a binding revision clause in 2016, in parallel with a review of own resources (the funding of the EU budget). In reality the Parliament after conceding to accept the overall ceiling of €960 billion for 2014-2020 EU spending, had demanded that not one euro of the seven-year budget remains unused and asked for complete flexibility in internal transfers of unused funds.

It must be mentioned here that a large part of the EU budget is financed by own resources of the European Union, on top of member state contributions. Currently a small part of the VAT collected in the 27 member states goes directly to the EU coffers. In view of possible changes in the own EU resources during the next seven years – hopefully an increase – the Parliament managed last night to include in the final deal this biding budget revision close.

The Parliament had also insisted that the time horizon of the next seven years is too long given the fast changing circumstances in our brave new world. To this effect the Parliament negotiator asked for a deep re-examination of the budget in 2016 and yesterday the deal also included a binding revision of the entire EU spending in relation to possible changes in own EU resources.

Solidarity

With the idea of solidarity between member states having gained momentum over the past months, budget funds devoted to this purpose will be greatly increased. Obviously employment supporting spending will be also increased by bringing the bulk of the totally available funds in the early years of the 2014-2020 period. Everybody agrees that employment enhancing measures are needed today, not tomorrow. According to Lewandowski “the Solidarity Fund would be enhanced to make it more responsive to natural disasters such as floods, and the new Youth Employment Initiative would see strong funding in 2014 and 2015 as the situation calls for immediate measures”.

In total the package includes: Flexibility to allow more efficient use of EU money, a review of the seven-year budget before the end of 2016 and a method for carrying forward discussions on EU own resources. The package was agreed after two days of intense negotiation during the last two days. There have been ten meetings, within the last 24 hours of negotiations.

The work load of those negotiations was carried by the Irish Presidency. After the agreement was reached, the Irish Minister for Foreign Affairs and Trade, Eamon Gilmore TD, who conducted the negotiations on behalf of the EU member state governments stated: “We have concluded negotiations on the EU’s multi annual budget for the next seven years. I have reached an agreement with the European Parliament’s chief negotiator. We have agreed a package that we are both going to recommend to our respective institutions. I will present this agreement to member states next Tuesday”.

According to the same source the package addresses all four of the issues identified by the European Parliament as important for the EU budget.

Advertising

the sting Milestone

Featured Stings

Stopping antimicrobial resistance would cost just USD 2 per person a year

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Parliament in favour of lifting visa requirements for Kosovars

Youth employment crisis easing but far from over

Chart of the day: These countries have the largest carbon footprints

International community has achieved unprecedented success fighting offshore tax evasion

The representatives of the regions and the cities know better what the EU needs on migration, trade, poverty and taxation

What UK and EU risk if Brexit “wins” these elections

How to survive the COVID-19 lockdown with a newborn baby

As a rising global power, what is India’s vision for the world?

Why practicing medicine privately at home is still a (difficult) option?

9 ways to strengthen the global economic response to COVID-19

UN chief welcomes decision to delay formation of South Sudan unity government

Scientists are growing meat on blades of grass

Mental health and suicide prevention: the contradictory access in a reference city of southern Brazil

It’s time to move: 5 ways we can upgrade our SDG navigation systems

Questions and Answers on issues about the digital copyright directive

‘Great Pacific Garbage Patch’ clean-up project launches trial run: UN Environment

State aid: Commission approves €12 million Danish scheme to compensate damages caused by cancellations of large public events due to COVID-19 outbreak

State aid: Commission concludes that recapitalisation of German NordLB is market conform

Berlin’s governing elite leads Eurozone to recession to win the September election in Germany

CDNIFY @ TheNextWeb 2014

Back to the Basics: Primary Healthcare

No end to Deutsche Bank’s problems: new litigations in the US and frailty in EU stress test

Airships, solar planes and Soviet-era sea skimmers … here’s how we fix air travel

How the diaspora is helping Venezuela’s migration crisis

What we need is more (and better) multilateralism, not less

Bacterial resistance: the significant worldwide problem

These are the top countries for travel and tourism in 2019

The US-Mexico trade deal a threat for others, Trump to single out China, Europe

Africa is aiming to create the world’s largest trading bloc. It won’t succeed without women

SDG progress ‘in danger’ of going backwards without change in direction, new UN report reveals

Easing fears and promoting gender equality in Chad’s girls-only classrooms

Gender disparity in salary and promotion in medicine: still a long way to go

‘Collective endeavour’ needed to strengthen peacekeeping further, says top UN official

Chernobyl nuclear disaster-affected areas spring to life, 33 years on

Global South cooperation ‘vital’ to climate change fight, development, Guterres tells historic Buenos Aires summit

Violent disorder is on the rise. Is inequality to blame?

Under-fives’ daily screen time should be kept to 60 minutes only, warns WHO

The next generation is key for a European renaissance

Ukraine: Temperatures plunge amid rising humanitarian needs

Reject passivity and embrace ‘responsibility for our future,’ Lithuania’s President tells UN Assembly

Tax reforms accelerating with push to lower corporate tax rates

A skills gap is jeopardizing efforts to end energy poverty

There is a mental health crisis in entrepreneurship. Here’s how to tackle it

Migration crisis update: lack of solidarity not only among EU leaders but also EU officials

‘Bring to life’ precious moments caught on film or tape, UN agency urges on World Day

MEPs condemn criminalisation of sex education in Poland

3 ways blockchain can revolutionize global supply chains

Wednesday’s Daily Brief: updates from the Near East and Libya, Ebola in DR Congo, World War remembrance

Insecurity and violence turn Nigeria into a ‘pressure cooker’ that must be addressed, says UN rights expert

The G7 adopted dangerous views about Ukraine and Greece

EU/African, Caribbean and Pacific partnership: MEPs list key aims for renewal

To end deforestation, we must protect community land rights

New study shows close link between GVCs participation and economic development

We need to talk: UN gears up for 75th anniversary with Global Conversations

Women’s rights face global pushback from conservativism, fundamentalism – UN experts warn

These countries are the most peaceful – in 3 charts

How to make sure tech doesn’t leave people behind

Monday’s Daily Brief: Independent UN experts on Myanmar, UN chief renounces attacks in US, Libyan airport violence, UN spokesperson on Kashmir, and FAO and Italy on development

Parliament ready to fight for a different EU budget

More Stings?

Advertising

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s