With a deal reached on the EU's 2021-2027 budget, recovery funds should get flowing as soon as possible, said budgets committee chair Johan Van Overtveldt.
In Wednesday’s plenary debate, MEPs welcomed the agreement reached on EU financing, as well as the deal linking EU funding to respect for the Rule of Law.
MEPs accelerate the procedure that will enable the EU to borrow €750 billion for the “Next Generation EU” recovery plan.
The EU is preparing massive investments to support people and businesses as Europe battles a deep economic recession due to the Covid-19 outbreak.
The EU is preparing rules which would make it possible to stop payments from the EU budget to member states that do not respect the rule of law.
To fund the Covid-19 recovery and invest in Europe’s future, Parliament is calling for new streams of revenue for the EU budget. Learn more in our video.
Parliament has secured agreement on new EU revenue sources to invest in Europe’s future and support the Covid-19 recovery without burdening taxpayers. Find out more.
The multiannual financial framework (MFF) is a plan of how much can be invested in policies that strengthen Europe’s future. More in our video.
In a speech at the EU summit on 15 October, Parliament President David Sassoli insisted it is now up to EU leaders to unlock the stalled negotiations on the 2021-2027 budget.
Looking back on the 19 June and forward to the 17 July European Council meetings, MEPs conveyed their stance on future EU financing and economic recovery.
In an extraordinary plenary session, MEPs commented on the 17-21 July European Council deal on EU financing and the recovery plan to tackle the pandemic fallout.
David Sassoli told EU leaders Parliament is not obstructing anything in the budget negotiations, but is protecting the interests of European citizens.
Latest press releases
The recovery fund is a “historic move”, but long-term EU priorities such as the Green Deal and the Digital Agenda are put at risk, MEPs say.
Parliament President David Sassoli urged EU leaders to take action on Europe’s recovery in the wake of the Covid-19 crisis.
The EU should secure adequate funding to push through its recovery plans and emerge stronger from the Covid-19 crisis, MEPs said during a plenary debate on 8 July.
David Sassoli told EU leaders recovery plans must meet ambitions and warned against taking Parliament’s consent on the new EU budget for granted.
MEPs called on 15 May for a €2 trillion fund, built into the EU’s next long-term budget, which puts Europeans at the heart of the Covid-19 recovery.
In a resolution on the post-2020 EU budget revision and economic recovery plans, MEPs demand a robust package, focused on citizens’ needs and building on the EU budget.
MEPs want to see a massive recovery package to support the European economy after the COVID-19 crisis, including recovery bonds guaranteed by the EU budget.
Parliament President David Sassoli reminded EU leaders Parliament approval is needed for the EU budget and said MEPs would not accept just any agreement.
Europeans expect the EU and governments to act decisively to pave a way out of the crisis and build a more resilient Europe, MEPs said during a plenary debate on 16 April.
In a debate on the new EU long-term budget and recovery fund, MEPs paid tribute to citizens’ courage and insisted the EU budget must not leave anyone behind.
Focussing on future generations, Commission President von der Leyen discussed the €750 billion recovery instrument within a revamped long-term EU budget in plenary.
A message from the presidents of the European Parliament, European Council and Commission marking Europe Day.
The EU budget is all about working together to deliver improvements to the lives of Europeans. How much do you know about it? Try our quiz and find out.
The current health crisis compels us to tackle the risk of the next long-term EU budget not coming into force on 1 January 2021 with even more urgency, MEPs say.
Investing in Europe is not about millions of euros, it's about millions of people.
The EU should have the financial means to tackle challenges such as coronavirus or migration, said MEPs in a plenary debate on the EU long-term budget.
MEPs underlined that Parliament will only give its consent to a budget that meets the European Union’s ambitions, in a debate on EU funding for 2021-2027.
The European Commission needs to clarify how it plans to fund new policy proposals for the EU's budget for 2021-2027, said the budget committee.
Ahead of today's EU summit to decide how best to invest to meet people’s expectations, Parliament’s negotiators are warning not to expect substantial progress from it.
MEPs are arguing for a strong EU budget for 2021-2027 that will respond to the challenges Europe faces and deliver on Europeans’ expectations.
The European Commission should create a plan B to protect the recipients of EU funding, if talks on the EU’s long-term budget are further delayed, according to Parliament.
Latest press releases on the budget negotiations
The EU's long-term budget spending
MEPs want the EU to have its own financial sources for the next long-term budget instead of relying mainly on member state contributions.
Most MEPs welcomed an EU Commission plan to raise national contributions to 1.11% of GNI and introduce new sources of revenue for the next long-term EU budget.
Parliament has adopted its position on a new EU programme to support investment and access to finance from 2021 to 2027.
Negotiating the new EU long-term budget
EU response to Covid-19
The EU should in the future have more possibilities to finance itself directly instead of being mostly funded by member states, according to a report to be presented to Parliament on Thursday 12 January. Such a system of own resources was already in place for decades in the past and should be readopted. Report co-author Alain Lamassoure spoke to us ahead of the presentation, pointing out that the proposals would not result in a power shift from national governments to Brussels.
On 14 March MEPs adopted Parliament’s official negotiating position for the EU’s next long-term budget starting in 2021.
MEPs are pushing for a flexible long-term budget for the EU to enable it to successfully meet unforeseen challenges. This is reflected in new agreement between the Parliament and EU countries, which is paving the way for the EU to respond better to crises related to for example security, migration or natural disasters.