Opinion on the EU own resources system

10-09-2020

Following the European Council’s July political agreement on the EU’s financing system, the European Parliament is expected to vote its legislative opinion on the reform during its September plenary part-session, with a view to expediting the launch of the borrowing operations of Next Generation EU. The report adopted on 1 September by the Committee on Budgets stresses that new own resources must be introduced, and finance at least the entire repayment costs of the recovery instrument. Parliament intends to negotiate a legally binding calendar to this end.

Following the European Council’s July political agreement on the EU’s financing system, the European Parliament is expected to vote its legislative opinion on the reform during its September plenary part-session, with a view to expediting the launch of the borrowing operations of Next Generation EU. The report adopted on 1 September by the Committee on Budgets stresses that new own resources must be introduced, and finance at least the entire repayment costs of the recovery instrument. Parliament intends to negotiate a legally binding calendar to this end.