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Draft Amending Budget No 3/2021 (DAB 3/2021) to the European Union's 2021 general budget aims to enter as revenue in the 2021 budget the surplus resulting from the implementation of the 2020 budget. The 2020 surplus totals almost €1.77 billion (as compared to €3.2 billion in 2019, €1.8 billion in 2018 and €0.56 billion in 2017). It consists mostly of higher than expected revenues, plus under-spending on the expenditure side. Inclusion of the surplus will reduce the gross national income (GNI) contributions ...

During the December plenary session, the European Parliament is due to adopt the European Union's general budget for the year 2021. In practice, Parliament will vote on the Council's position on the second draft EU general budget for 2021. The Council adopted the second draft budget as presented by the European Commission on 10 December, without any amendment. This second draft budget is the fruit of the agreement found on 4 December during the budgetary conciliation between Parliament and the Council ...

Following the 10 November 2020 political agreement between the European Parliament and the Council on the Multiannual Financial Framework (MFF) for 2021 to 2027, the Commission adopted an amending letter (AL 1/2020) to adjust its draft EU budget for the year 2021, presented in July 2020. Moreover, AL 1/2020 also includes updated estimates for agricultural expenditure, other adjustments and technical updates. Overall, AL 1/2020 decreases commitment appropriations by €2 608.8 million and increases ...

During the November I plenary session, the European Parliament is due to decide on amendments to the Council's position on the draft EU budget for 2021. The Parliament is preparing its reading in the extraordinary situation of a lack of agreement on the forthcoming multiannual financial framework (MFF) for 2021-2027 and in the context of the far-reaching consequences of the coronavirus crisis. The report of the Committee on Budgets reverses many of the reductions proposed by the Council. Furthermore ...

The 2021 EU budget should be the first one under the new Multiannual Financial Framework (MFF) for 2021 to 2027. The European Parliament contributes to the preparation of proposals for the forthcoming year's budget for the European Union through the adoption of its 'guidelines'. The draft guidelines, as adopted by the Committee on Budgets, outline the Parliament's priorities for the Union's 2021 budget: mitigating the effects of the Covid 19 outbreak and supporting the recovery, built on the European ...

The EU’s next Multiannual Financial Framework (MFF) should start on 1 January 2021, but the negotiations have encountered delays in the European Council and Council. During the May plenary part-session, the European Parliament is expected to vote a report by its Committee on Budgets, asking the Commission to prepare urgently a legislative proposal for a contingency plan should the post-2020 MFF not be agreed on time. The objective would be to provide a safety net to protect beneficiaries of EU funds ...

During the October II plenary session, the European Parliament is due to decide on amendments to the Council's position on the draft EU budget for 2020. The report of the Committee on Budgets reverses the cuts proposed by the Council, with the exception of funds for Turkey. Furthermore, it proposes a considerable increase in the contributions of the 2020 budget to the fight against climate change, and increases appropriations for a number of Parliament's other priorities, to make 2020 a bridge to ...

The European Parliament launches the discussion on the forthcoming year's budget for the European Union with the agreement of its guidelines. The 2020 budget will be the last one under the current Multiannual Financial Framework (MFF, 2014-2020). The guidelines, as adopted by the Committee on Budgets, outline the Parliament's priorities: investing in innovation, sustainable development, citizens' protection and security. Moreover, the proposed guidelines highlight the necessity to mitigate the budgetary ...

After the failure of budgetary conciliation, the European Commission put forward a new draft budget for 2019. Based on the second draft budget and subsequent negotiations, the European Parliament and Council have agreed the General Budget for the European Union for 2019, at a level of €165 795.6 million in commitments and €148 198.9 million in payment appropriations. This means an increase of 3.2 % in commitments and 2.4 % in payments as compared to 2018 budget. The Parliament has scheduled the adoption ...

During the October II plenary session, the European Parliament is due to decide whether and how to amend the Council's position on the 2019 draft EU budget. The report adopted by the Committee on Budgets reverses almost all of the cuts proposed by the Council. Furthermore, it increases appropriations for a number of Parliament's priorities linked to sustainable growth, competitiveness, security, migration and young people, and reduces the EU budget contribution to the financing of the Facility for ...