- Extraordinary meeting of the Committee on Budgets on Monday, 8 June, from 19:00 to 20:00, room Louise Weiss N1.4, Strasbourg.
On 27 May (10.00-13.00) Ms Kristalina Georgieva, Vice-President of the European Commission responsible for the Budget and Human Resources, presented to Members of the Committee on Budgets the Commission's Draft Budget for the year 2016, right after its adoption by the College of Commissioners. In line with Article 314 TFEU, this presentation kickes off the annual budgetary procedure, whereby Parliament is expected to respond to Council's position on the Draft Budget in the Autumn.
A deal struck by MEPs and Council of Ministers negotiators in the small hours of Thursday morning means the architecture of the Juncker plan to unlock €315 billion public and private investments in the real economy in 2015-2017 can now be put to a European Parliament vote on 24 June and the investment programme can kick off in the summer. (Read more)
Budgets MEPs welcomed next year's "restricted" but well focused draft budget presented by Commission Vice-President Kristalina Georgieva on Wednesday immediately after it was approved by the Commission. (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,