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Money - Let's make it count - Benefits from the EU budget

Budget / Economic and monetary affairs 05-12-2013 - 09:37 / Updated: 28-01-2014 - 12:55
 
 

Parliament approved in November 2013 the EU’s long-term budget for 2014-2020, providing €960 billion for European budgets over the next seven years. But what is the added value of investment flowing from the EU budget back to member states? What values should this investment support? These are the questions that were discussed on 5 December when the ReAct debate took place in one of Europe’s foremost financial centres, Frankfurt am Main in Germany. Read on for an overview of the issues (Read more: ReAct in Frankfurt: the value of investing in European values)

What does the EU do with your money? Is it invested wisely? Does it help support sustainable growth? These were the issues debated during the ReAct event in Frankfurt on 5 December when experts and ordinary people exchanged views on how to put the EU budget to best use. There was a broad agreement that EU funds should promote not just economic growth, but also solidarity. (Read more: EU budget: experts reveal how to make it count)

After months of complex negotiations, Parliament gave its blessing to the EU’s long-term budget for 2014-2020 on Tuesday. All the conditions set out in its July resolution – which followed a political agreement at the highest levels between Parliament, the Irish Presidency and the Commission were met. The overall budget for the next seven years is €960 billion in commitments and €908 billion in payments (at 2011 prices). (Read more: European Parliament approves EU’s long-term budget (MFF) 2014-2020)

The EU is not just about Europe, it's also about its regions. Every year more than a third of the EU budget is invested in regions to stimulate growth, create jobs, boost competitiveness and improve sustainability and the quality of life. It also helps member states to reduce regional and social disparities. As the EP votes on the EU's budget this week, which covers funding for regions, we take a look at four success stories co-financed by the EU's regional policy funds. (Read more: EU regional policy: boosting your local economy)

Europe's economy might be showing signs of improvement, but many people have yet to feel the benefits as both unemployment and the cost of living remain high. The European Investment Bank (EIB) plays a key role in boosting growth and jobs in the EU. When EIB president Werner Hoyer appeared in front of the EP's budgetary control committee on 25 November to present the bank's annual report for 2012, we took the opportunity to ask him how his bank could help Europe's recovery. (Read more: “Only when the labour markets improve, can we say that the crisis is over,” EIB president)

REF. : 20131203TST29601
 
 
The EU's long-term budget
 
MONEY. LET’S MAKE IT COUNT.
 

This 60-second video animation will give you an idea of how the EU invests your money

 
ReACT take three in Frankfurt
 

People mulled over the value of investing in European values together in Frankfurt.

 
Baffled by the EU budget?
 

How is the EU budget drawn up? Are we shelling out a fortune to fund it? How does it benefit Member States? EPTV sheds light on today's big budget questions.

 
Budget battle ends as 2014-2020 deal is passed
 

MEPs approved the EU's long-term budget by a clear majority, but whilst some were celebrating others voiced their reservations.