The European Parliament double-checks the EU 2014-2020 budget

European Parliament President Martin Schulz (S&D, DE), Chairs votes on Multiannual Financial Framework 2014-2020. This is the 7th Parliamentary Term of this House. (EP Audiovisual Services, 19/11/2013, Strasbourg)

European Parliament President Martin Schulz (S&D, DE), Chairs votes on Multiannual Financial Framework 2014-2020. This is the 7th Parliamentary Term of this House. (EP Audiovisual Services, 19/11/2013, Strasbourg)

The European Parliament approved yesterday the EU proper budget for the next seven years, set at €960 billion in commitments and €908bn in payments (at 2011 prices). This is the Multiannual Financial Framework 2014-2020 providing the financial resources and setting the expenditure limits for all EU institutions and policies. As a general rule the Multiannual Financial Frameworks (MFF) lay down the maximum annual amounts which the EU may spend in different political fields. The EU budget commitments are legal promises to spend money on certain projects, which may be paid out over several financial years. Payments are the actual amounts to be paid in any given year.

Along the lines of the MFF 2014-2020, every year the Commission will formulate its proposal for the next year budget, to be approved by the Council and the Parliament according to the standard procedure as laid down by the EU Treaty. The MFF 2014-20 will be reviewed by the Commission in 2016, taking account of the economic situation at the time as well as the then macroeconomic projections. This seven-year budgetary planning is a standard procedure for the EU. The currently in force seven-year resources and spending programme 2007-2013 ends on 31st of December 2013.

A complex approval

The approval of the MFF 2014-2020 was a rather complex procedure. This newspaper has followed closely the entire affair. After months of complex negotiations, the Parliament finally gave its blessing to the EU’s long-term budget for 2014-2020 yesterday Tuesday 19 November. At stake was the coverage of old unpaid bills, pending even from 2012.

The Council tried to finance those old liabilities from the resources of the 2014 budget, cutting down by the same amount the resources to be devoted in the 2014-2020 period. On 8 November the European Sting writer George Pepper noted, “Earlier in the year, the Commission estimated it would run short of €11.2bn to pay its outstanding obligations during 2013 also including unpaid bills from 2012. By July 2013 the member states, that is the Council, agreed to pay only €7.3bn of the above amount. Legislators expressed their anger over this, because they sensed that the Council wanted to cover the gap of €3.9bn from the already slashed 2014 allocations. Last month the Council was forced to approve the rest of the outstanding payments amounting to €3.9bn”.

The Council paid

After that, the way was paved for the European Parliament to approve both, the 2014 and the MFF 2014-2020. There was more to it though. The Parliament insisted and finally it was accepted that, “all legal bases for the various EU programmes be finalised on the basis of co-decision between the Council and Parliament”. This is now the case and to this effect many programmes are currently discussed and voted during this plenary session of the house.

This new procedure was inaugurated with the cohesion policy funds for 2014–2020, probably the most important policy and the largest spending heading of the European Union. This policy package will absorb a round sum of €300bn during the next seven years, almost one-third of the entire EU resources. The programmes under this policy line are expected to help the 28 EU economies converge.

Given that Lithuania holds the rotating Presidency of the EU Council, its Permanent Representative to the EU, ambassador Raimundas Karoblis, send yesterday a letter to Danuta Hübner, Chair of the Parliament Committee on Regional Development, presenting the consolidated text of the Cohesion Package for 2014–2020.

Double checking

This letter from the President of the Permanent Representatives Committee, confirms that the Council of the EU and the European Parliament have reached the political agreement on the Cohesion policy regulations for 2014–2020. As a result the way is now open for the relevant vote in the European Parliament, which is planned for today. The implementation of the new Cohesion policy period starts from 1st January 2014.

This new procedure will be repeated for all the major EU programmes covering all the 2014-2020 budgetary period. It will give the Parliament the opportunity to cross check the effectiveness and the transparency of the allocation of EU funds.

 

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

the sting Milestone

Featured Stings

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

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

UN refugee agency presses States to aid 49 refugees stranded on Mediterranean

5 ways for scientists and clinicians to double up on healthcare

The EU to bear the cost of eventual sanctions against Russia

More taxpayers’ money for the banks

International community urged to deliver on promise for better future for Bosnia and Herzegovina

World Retail Congress announces Dubai 2016 Hall of Fame Inductees

These technologies are playing a major role at the Cricket World Cup

Trump’s trade war splits the EU; Germany upset with Juncker’s “we can be stupid too”

Meet Cipta: the comic book hero using her powers to tackle bullying in schools

EU mobilises further €15.2 million humanitarian support for food safety, epidemics preparedness and support to people in conflict areas in Latin America and Caribbean

Challenges remain in DPRK despite ‘slight’ improvements in health, wellbeing: UNICEF

Kellen Europe Hosts EuroConference 2016

Hydrogen power is here to stay. How do we convince the public that it’s safe?

Facilitating the access to finance and risk capital for SMEs and midcaps

COP24: green, gender focus, as UN’s crucial climate change conference gets underway

Is South Korea set to lose from its FTA with the EU?

The creative technology and its advancements

How the powerful science of behaviour change can make us healthier

Burned in the Amazonian forest: Your health may be in danger

Election 2019: New, Updated seat projection for new Parliament

Here’s the secret to financing a greener future

Sustainable fishing staying afloat in developed world, sinking in poorer regions

Caravan of Mothers of Missing Migrants kick off a global migration search movement

The entire Australian state of New South Wales is in drought

First-ever UN report on disability and development, illustrates inclusion gaps

Third EU-Western Balkans Media Days: EU reaffirms comprehensive support to media freedom in the region

Mobility in 2020: a female perspective

How close is the new financial Armageddon? IMF gives some hints

What makes a great CEO? The people they surround themselves with

‘Proving our worth through action’: 5 things Guterres wants the UN to focus on in 2019

Military escalation will have ‘serious consequences’ for Yemeni civilians, warns UN Special Envoy

Quelling antimicrobial resistance: a clinico-pharmacological exigency

Security Council renews mandates of UN force monitoring separation area between Israel and Syria; AU-UN hybrid mission in Darfur

Saudi Arabia: UN experts push for prompt release of women human rights defenders

Nine children killed or maimed in Afghanistan every day: UN Children’s Fund

There’s a new global technology race. It needs better trade rules

COP25: MEPs push for CO2 neutrality by 2050

Prisons are failing. It’s time to find an alternative

UN guidelines unveiled to prevent rising hearing loss among young smartphone listeners

The link between migration and technology is not what you think

6 ways China and the United States could jumpstart trade reforms

Interview with ourselves: the mental health of health professionals

Islamophobia is driving more US Muslims to become politically engaged, suggests report

Working fewer hours makes you more efficient. Here’s the proof

MEPs back measures to reconcile career and private life

“Will TTIP solve the massive EU-US unemployment? Absolutely not!” A revealing Sting Exclusive with Tim Bennett from the Transatlantic Business Council

Somalis ‘will not be deterred’ by Friday’s terror attacks – UN chief

The banks first to benefit from the new euro trillion ECB plans to print

Eurozone officials play with people’s deposits and minds

What is the IMF telling Eurozone about fiscal and banking unification?

Trade Committee MEPs give greenlight to landmark EU-Japan trade agreement

Uneven progress on climate action at Bangkok conference

Anxious gorillas, thirsty koalas and lame cows – how climate change is making animals miserable

‘Do something’; UN relief chief urges Security Council action to stop the Syrian carnage unfolding ‘in front of your eyes’

UN’s Guterres condemns ongoing airstrikes on Syria’s hospitals, medical workers

EU countries invested €5 trillion abroad

What brands get wrong about China – and how to put it right

Japanese banks to move their European HQ from London to Frankfurt after Brexit

Germany caught with selfish double standards in euro area policy

How China raised the stakes for electric vehicles

More Stings?

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