Budjettivaliokunta

Following a workshop on ‘EU borrowing costs: drivers and dynamics - A comparative perspective’ for the Committee on Budgets took place on 22 May 20231, experts have estimated that yearly interest costs borne by the EU budget could increase quickly in the next few years to reach €10.8 billion.

The Commission put forward on 20 June 2023 an adjusted package for a next generation of own resources. It updates the ETS and CBAM-based own resources and also proposes a new temporary statistical own resource based on corporate profits (CPOR). BUDG Members will vote their consultative report on this proposal.

Following the vote on the 1170 budgetary amendments to the Council's reading of the 2023 EU Budget on 2 October, the Committee on Budgets will, at its 9 October meeting, vote on a report prepared by the General Rapporteur on the 2023 budget (Section III - Commission), Mr Siegfried Muresan (EPP) and the Rapporteur for other sections, Mr Nils Usakovs (S&D), which will reflect and accompany the outcome of the budgetary vote.

BUDG and ITRE Members will vote on the draft report of José Manuel Fernandes (EPP/BUDG) and Christian Ehler (EPP/ITRE), which supports the Commission's proposal in broad terms and proposes some changes. In particular, it asks for an additional EUR 3 billion on top of the EUR 10 billion in fresh money proposed by the Commission for the funding of programmes and funds which should be used to support projects that contribute to the STEP objectives.

On 5 October 2023 Members of the Committees on Foreign Affairs (AFET) and on Budgets (BUDG) will vote on the draft report by the co-rapporteurs, Michael Gahler (AFET, EPP) and Eider Gardiazábal Rubial (BUDG, S&D). The draft report endorses a substantial assistance package, while strengthening democratic accountability of the Facility, encouraging multiparty democracy in Ukraine, and encouraging the alignment of Ukraine with the requirements for the EU accession.

This meeting of the Committee on Budgets marked an important milestone of the budgetary year, as Members processed the 1170 amendments tabled to the Council's position on the Commission's Draft Budget 2024.

Members from the Committee on Budgets and the Committee on Economic and Monetary Affairs held the 12th Recovery and Resilience Dialogue with Valdis Dombrovskis, Executive Vice-President responsible for an Economy that Works for People, also in charge of Trade, and Paolo Gentiloni, Commissioner for Economy.

The Commission proposed on 20 June 2023 a targeted revision of the multiannual financial framework (MFF) 2021-2027. The MFF co-rapporteurs, Jan Olbrycht (EPP) and Margarida Marques (S&D), welcomed the Commission’s proposal as a first step in the right direction. Their report was adopted by a large majority.

Valérie Hayer reported to the Committee on Budgets on the BUDG mission to Mozambique. The mission took place from 24 to 27 July 2023. The main objective was to assess Mozambique's most pressing needs in terms of EU financial support.