Conciliation agreement on the 2020 EU budget

22-11-2019

On the final day of the 21-day conciliation period – 18 November 2019 – European Parliament and Council negotiators reached a provisional agreement on the 2020 European Union budget. The 2020 budget is the final annual exercise under the multiannual financial framework (MFF) for 2014-2020. The joint text provides for total commitments of €168.69 billion (1.5 % increase as compared to 2019) and total payments of €153.57 billion (+3.4 % over 2019). The Council intends to adopt the agreed text on 25 November, and Parliament will then vote on approving the text during the November II plenary session in Strasbourg.

On the final day of the 21-day conciliation period – 18 November 2019 – European Parliament and Council negotiators reached a provisional agreement on the 2020 European Union budget. The 2020 budget is the final annual exercise under the multiannual financial framework (MFF) for 2014-2020. The joint text provides for total commitments of €168.69 billion (1.5 % increase as compared to 2019) and total payments of €153.57 billion (+3.4 % over 2019). The Council intends to adopt the agreed text on 25 November, and Parliament will then vote on approving the text during the November II plenary session in Strasbourg.