The Budgets Committee demanded more funds, in a vote on Tuesday, to help young people into jobs, to boost economic growth and assist third countries with a view to mitigating the migration crisis. MEPs had earlier reversed all the cuts proposed by the Council to the draft 2017 EU budget. Part of the additional funds are expected to be financed via new appropriations to be obtained through the ongoing mid-term revision of the Multiannual Financial Framework (MFF). (Read more)
Budget Committee MEPs reversed all the cuts proposed by the Council to the draft 2017 EU budget to meet the needs of the migration crisis and slow economic growth, in a vote on Wednesday. They also boosted funding to fight youth unemployment and increased spending on research and infrastructure projects. The full plenary will vote on 26 October on a proposed budget amounting to €161.8bn in commitments, €4.13bn more than the original Commission proposal. (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,