Parliament’s Budgets Committee today approved the EU’s long-term budget (Multi-annual Financial Framework - MFF) for 2014-2020 and the deal struck in this week’s negotiations on the budget for 2014, the first year under the new MFF. Parliament’s final votes on these budgets are scheduled for next week.
After negotiating through the night, Parliament and Council struck a deal on the EU budget for 2014, which also provides for remedying payments shortfalls in in the current fiscal year. MEPs ensured that victims of catastrophic flooding and drought in 2013 will be compensated, and that its priorities for 2014 in areas such as employment, research and innovation, border management and humanitarian aid are also taken on board.
"After the three-way talks of 7 November, and on the eve of conciliation talks between the 28 budget ministers and the European Parliament delegation, a first step has been taken towards solving the Union's immediate budgetary problems", said Budgets Committee chair Alain Lamassoure (EPP, FR), immediately after Thursday's "trilogue" meeting.