The Flexibility Instrument is a margin for manoeuvre to meet unforeseen needs or new priorities in one or more expenditure headings. During the previous MFF (2007-2013) a total of EUR 1.4 billion was available. The decision to mobilise the Instrument is made jointly by Parliament and the European Council. This in-depth analysis looks at the results obtained from EU budget resources dedicated to the Flexibility Instrument, and Parliament's role in making such resources available.
The priorities of Luxembourg EU Council Presidency will be outlined to the various parliamentary committees by Luxembourg ministers in a series of meetings to be held during this week. (Read more)
Welcome to the website of the Committee on Budgets in the European Parliament, which is one of the two arms of the EU budget authority, the other being the Council. The committee, which has 41 full members and an equal number of substitute members, discusses, amends and adopts the Union budget together with the Council.
The primary function of the EU Member States’ parliaments, alongside law-making, has always been to approve taxation. In contrast, the European Union cannot raise taxes, as this is a prerogative that remains within the remit of the Member States and will continue to do so until such time as the EU is given its own resources. The EU does, however, have a budget with which to fund European policies and run the European institutions.
I intend to devote all my energy, experience and know-how to making the EU budget a genuine driving force for growth and jobs. With this in mind, I am determined to ensure that the opportunity which the mid-term review of the multiannual financial framework provides for a thorough renegotiation of that framework with the Council is seized. We will also be addressing a number of other important issues, including the budget for the euro zone, the introduction of a genuine own-resources system and the long-standing problem of outstanding commitments. The Committee on Budgets intends to do everything within its power to give the EU a new impetus and a new meaning.
With my very best wishes,