99

result(s)

Word(s)
Publication type
Policy area
Author
Date

Own resources of the European Union: Reforming the EU's financing system

06-10-2020

In July 2020, the European Council reached political agreement on the reform of the own resources system that finances the EU budget, in the context of a package including the new multiannual financial framework (MFF) and the Next Generation EU (NGEU) recovery instrument. The agreed increase in the maximum level of resources that can be called from Member States is a pre-condition for NGEU borrowing operations. The Council’s adoption of the own resources decision, translating the deal on the revenue ...

In July 2020, the European Council reached political agreement on the reform of the own resources system that finances the EU budget, in the context of a package including the new multiannual financial framework (MFF) and the Next Generation EU (NGEU) recovery instrument. The agreed increase in the maximum level of resources that can be called from Member States is a pre-condition for NGEU borrowing operations. The Council’s adoption of the own resources decision, translating the deal on the revenue side of the EU budget into a legal text, must be preceded by Parliament’s legislative opinion and followed by the ratification of the decision by all Member States. Parliament fast-tracked its legislative opinion, adopted in September 2020, to enable the Council to ensure the timely launch of NGEU. Parliament has repeatedly stressed that it will not give its consent to the MFF without proper reform of the financing system, and negotiations continue on the rest of the package. Notably, Parliament underlines that the introduction of a basket of new own resources should cover at least the repayment costs of NGEU. Deeming the new plastics contribution a first partial step in this direction, Parliament intends to negotiate a legally binding calendar on the introduction of five additional new own resources, linked to EU policies on climate and the single market. Second edition. The 'EU Legislation in Progress' briefings are updated at key stages throughout the legislative procedure.

Protecting the EU budget against generalised rule of law deficiencies

25-06-2020

When preparing the 2021-2027 multiannual financial framework, the European Commission proposed to strengthen the link between EU funding and respect for the rule of law. To this end, on 3 May 2018, the Commission presented a proposal for a regulation that would introduce a general rule of law conditionality into the EU's financial rules. Any Member State where a generalised rule of law deficiency is found could be subject to the suspension of payments and commitments, reduced funding and a prohibition ...

When preparing the 2021-2027 multiannual financial framework, the European Commission proposed to strengthen the link between EU funding and respect for the rule of law. To this end, on 3 May 2018, the Commission presented a proposal for a regulation that would introduce a general rule of law conditionality into the EU's financial rules. Any Member State where a generalised rule of law deficiency is found could be subject to the suspension of payments and commitments, reduced funding and a prohibition on concluding new commitments. On 13 November 2019, the decision of the European Parliament's Budget and Budgetary Control Committees to enter interinstitutional negotiations on the proposal was announced in plenary. Negotiations will be based on Parliament's first-reading position adopted in plenary in April 2019. Parliament's main amendments are concerned with the definition of generalised deficiencies, procedural issues (the panel of independent experts and the need to put Parliament on an equal footing with Council), and with the protection of end beneficiaries of EU funding. The rule of law conditionality has become an important element of the negotiations on the legislative package for the 2021-2027 MFF and the Recovery Instrument for the aftermath of the coronavirus pandemic. Second edition. The 'EU Legislation in Progress' briefings are updated at key stages throughout the legislative procedure.

Financing the European Union [What Think Tanks are thinking]

07-02-2020

The European Union is preparing its next long-term budget – the 2021-2027 Multiannual Financial Framework (MFF). However, more than a year and a half after the European Commission made its MFF proposal, differences persist over the size of the budget and spending levels on individual policies. The European Parliament has called for an ambitious budget, capable of financing new initiatives, such as the European Green Deal. Despite tensions, a decision on the next MFF is still expected in 2020, before ...

The European Union is preparing its next long-term budget – the 2021-2027 Multiannual Financial Framework (MFF). However, more than a year and a half after the European Commission made its MFF proposal, differences persist over the size of the budget and spending levels on individual policies. The European Parliament has called for an ambitious budget, capable of financing new initiatives, such as the European Green Deal. Despite tensions, a decision on the next MFF is still expected in 2020, before the planned start of the next financing period at the beginning of the following year. The later the decision comes, the more significant the negative consequences for beneficiaries of the EU budget, as some aid programmes could be delayed. This note offers links to recent commentaries, studies and reports from international think tanks on the EU’s long-term budget and related issues. The current item includes a recent package of publications on the MFF prepared by the European Parliamentary Research Service.

Plenary round-up – Strasbourg, October II 2019

24-10-2019

The October II plenary session highlights included statements and debates on the outcome of the European Council meeting of 17 and 18 October 2019, and a review of the Juncker Commission's term. Parliament also debated statements made on behalf of the Vice-President of the European Commission/High Representative of the Union for Foreign Affairs and Security Policy (HR/VP) on the Turkish military operation in north-east Syria and its consequences, and on the violent suppression of young people's and ...

The October II plenary session highlights included statements and debates on the outcome of the European Council meeting of 17 and 18 October 2019, and a review of the Juncker Commission's term. Parliament also debated statements made on behalf of the Vice-President of the European Commission/High Representative of the Union for Foreign Affairs and Security Policy (HR/VP) on the Turkish military operation in north-east Syria and its consequences, and on the violent suppression of young people's and students' protests in Iraq. Debates took place, inter alia, on Commission and Council statements on the effects of the Thomas Cook bankruptcy, on the dangers of violent right-wing extremism, on criminalisation of sexual education in Poland and on storms in Europe, followed by debates on accession negotiations with North Macedonia and Albania. Members declined to approve the 2017 accounts of the European Asylum Support Office (EASO) and European Council/Council, and adopted Parliament's position on the general budget of the EU for 2020, which now goes to conciliation.

Summary of the exchange of views on EU Member States National Declarations (ND) - Committee on Budgetary Control Meeting on 11 April 2019

14-06-2019

Committee on Budgetary Control (CONT) held an exchange of views with Mr Olivier Waelbroeck, Director, European Commission, and Ms Eva Lindström, Member of the European Court of Auditors, in which they explored ways to promote the National Declarations (ND). ND are a voluntary public accountability instrument that strengthen the provision of assurance in the management of EU funds, and demonstrate the political commitment towards sound financial management.

Committee on Budgetary Control (CONT) held an exchange of views with Mr Olivier Waelbroeck, Director, European Commission, and Ms Eva Lindström, Member of the European Court of Auditors, in which they explored ways to promote the National Declarations (ND). ND are a voluntary public accountability instrument that strengthen the provision of assurance in the management of EU funds, and demonstrate the political commitment towards sound financial management.

Discharge for 2017 budget – European Commission and executive agencies

21-03-2019

During the March II plenary session, the European Parliament is expected to decide whether to grant discharge for the 2017 financial year to the different institutions and bodies of the European Union (EU). The debate will start with the report covering the European Commission (plus six executive agencies), which manages the biggest share of the EU general budget. Separate discharge is granted to the Commission concerning the management of the European Development Funds (EDFs), because the EDFs are ...

During the March II plenary session, the European Parliament is expected to decide whether to grant discharge for the 2017 financial year to the different institutions and bodies of the European Union (EU). The debate will start with the report covering the European Commission (plus six executive agencies), which manages the biggest share of the EU general budget. Separate discharge is granted to the Commission concerning the management of the European Development Funds (EDFs), because the EDFs are not part of the general budget of the EU but based on intergovernmental agreement. The Committee on Budgetary Control (CONT) has recommended that the plenary should grant the Commission and all six executive agencies discharge for 2017, and also to grant discharge in respect of the implementation of the operations of the 8th, 9th, 10th and 11th EDFs in that year.

Reform of the European Globalisation Adjustment Fund

11-01-2019

The European Globalisation Adjustment Fund (EGF) was created in 2006 to finance active labour market policies targeting workers who have lost their jobs because of trade adjustment. The fund was subsequently modified in 2009 to cover major structural changes triggered by the economic and financial crisis. The rules of the EGF are laid down in EU Regulation (EU) No 1309/2013, which stipulates that the fund will continue to be financed until 31 December 2020. In May 2018, the European Commission submitted ...

The European Globalisation Adjustment Fund (EGF) was created in 2006 to finance active labour market policies targeting workers who have lost their jobs because of trade adjustment. The fund was subsequently modified in 2009 to cover major structural changes triggered by the economic and financial crisis. The rules of the EGF are laid down in EU Regulation (EU) No 1309/2013, which stipulates that the fund will continue to be financed until 31 December 2020. In May 2018, the European Commission submitted a proposal to reform the EGF and maintain it as a special instrument outside the MFF ceiling. The proposal introduces modifications to the eligibility criteria, the co-financing rules and the mobilisation procedure. The report was voted in the EMPL committee on 27 November 2018, and the report is due to be debated in plenary in January 2019, with a view to finalising Parliament's position for trilogue negotiations. Second edition. The 'EU Legislation in Progress' briefings are updated at key stages throughout the legislative procedure.

Plenary round-up – Strasbourg, December 2018

14-12-2018

The December plenary session was marked by the terrorist attack that took place in Strasbourg on 11 December. Members had that very day debated the report of Parliament's Special Committee on Terrorism, concluding its year's work. The December plenary session also featured debates on the preparations for the same week's European Council and Euro Summit meetings, as well as on the future of Europe, with Nicos Anastasiades, President of Cyprus. Parliament awarded the 2018 Sakharov Prize for freedom ...

The December plenary session was marked by the terrorist attack that took place in Strasbourg on 11 December. Members had that very day debated the report of Parliament's Special Committee on Terrorism, concluding its year's work. The December plenary session also featured debates on the preparations for the same week's European Council and Euro Summit meetings, as well as on the future of Europe, with Nicos Anastasiades, President of Cyprus. Parliament awarded the 2018 Sakharov Prize for freedom of thought to the imprisoned Ukrainian filmmaker, Oleg Sentsov, and adopted a report on the implementation of the EU-Ukraine Association Agreement. Parliament adopted the EU's 2019 budget, and held debates and voted on proposals on a digital services tax; risk assessment in the food chain; risks related to exposure to carcinogens or mutagens at work; revision of the statutes of three EU agencies; as well as an own initiative legislative report on expedited settlement of commercial disputes. Finally, Parliament adopted positions on seven of the three dozen proposed funding programmes for the 2021-2027 period, enabling negotiations with the Council to be launched.

Guarantee Fund for External Actions

13-12-2018

The Guarantee Fund for External Actions (GFEA) backs loans and loan guarantees granted to non-EU countries, or to finance projects in non-EU countries. Its objectives are to help protect the EU budget against the risks associated with such loans. The main objective of the actions backed by the GFEA is to support the increase of growth and jobs, and to improve the business environment in developing countries by strengthening the involvement of the private sector. The GFEA also contributes to the European ...

The Guarantee Fund for External Actions (GFEA) backs loans and loan guarantees granted to non-EU countries, or to finance projects in non-EU countries. Its objectives are to help protect the EU budget against the risks associated with such loans. The main objective of the actions backed by the GFEA is to support the increase of growth and jobs, and to improve the business environment in developing countries by strengthening the involvement of the private sector. The GFEA also contributes to the European External Investment Plan, which addresses the root causes of migration, the ongoing refugee crisis and security-related issues.

Agreement on EU general budget for 2019

11-12-2018

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 ...

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 of the agreement for the December 2018 plenary. Adoption of this agreement means, once signed by the Parliament’s President, that the EU will be equipped with a budget as from 1 January 2019.

Upcoming events

30-11-2020
EPRS online Book Talk | How to own the room (and the zoom) [...]
Other event -
EPRS
30-11-2020
Hearing on Future-proofing the Tourism Sector: Challenges and Opportunities Ahead
Hearing -
TRAN
30-11-2020
LIBE - FEMM Joint Hearing: Combating Gender based Violence: Cyber Violence
Hearing -
FEMM LIBE

Partners