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The public sector loan facility under the Just Transition Mechanism

21-12-2020

The public sector loan facility is the third pillar of the Just Transition Mechanism (JTM), along with the Just Transition Fund and just transition scheme under Invest EU. The facility will consist of a grant and a loan component. With the contribution of €1.525 billion for the grant component from the Union budget and EIB lending of €10 billion from its own resources, the aim is for the public sector loan facility to mobilise between €25 and 30 billion in public investment over the 2021-2027 period ...

The public sector loan facility is the third pillar of the Just Transition Mechanism (JTM), along with the Just Transition Fund and just transition scheme under Invest EU. The facility will consist of a grant and a loan component. With the contribution of €1.525 billion for the grant component from the Union budget and EIB lending of €10 billion from its own resources, the aim is for the public sector loan facility to mobilise between €25 and 30 billion in public investment over the 2021-2027 period. Funding will be available to all Member States, while focusing on the regions with the biggest transition challenges. In the European Parliament, the Committee on Budgets (BUDG) and the Committee on Economic and Monetary Affairs (ECON) have joint responsibility for this file. Their report was adopted at a joint sitting of the two committees on 16 October 2020. Parliament subsequently confirmed the committees' mandate to open trilogue negotiations. First edition. The 'EU Legislation in Progress' briefings are updated at key stages throughout the legislative procedure.

Adoption of the European Union's 2021 Budget

17-12-2020

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 ...

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 on the first draft budget for 2021. Commitment appropriations for 2021 will amount to €164.2 billion and payments to €166.1 billion. The annual budgetary negotiations this year were delayed and complex due to the lack of agreement on the multiannual financial framework (MFF) for 2021-2027, as well as the context of the coronavirus crisis.

Amending letter No 1 to the EU draft general budget 2021

02-12-2020

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 ...

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 payment appropriations by €2 609.3 million on the July 2020 draft budget. The AL 1/2020 changes are incorporated in the draft 2021 budget, which is currently being discussed between Parliament and Council negotiators in the ongoing budgetary conciliation.

Lectura por el Parlamento del presupuesto de la Unión para el ejercicio 2021

05-11-2020

Durante el período parcial de sesiones de noviembre I, el Parlamento Europeo decidirá sobre las enmiendas a la posición del Consejo sobre el proyecto de presupuesto de la UE para 2021. El Parlamento está preparando su lectura en la extraordinaria situación de falta de acuerdo sobre el próximo marco financiero plurianual (MFP) para 2021-2027 y en el contexto de las graves consecuencias de la crisis del coronavirus. El informe de la Comisión de Presupuestos anula muchos de los recortes propuestos por ...

Durante el período parcial de sesiones de noviembre I, el Parlamento Europeo decidirá sobre las enmiendas a la posición del Consejo sobre el proyecto de presupuesto de la UE para 2021. El Parlamento está preparando su lectura en la extraordinaria situación de falta de acuerdo sobre el próximo marco financiero plurianual (MFP) para 2021-2027 y en el contexto de las graves consecuencias de la crisis del coronavirus. El informe de la Comisión de Presupuestos anula muchos de los recortes propuestos por el Consejo. Además, propone un aumento considerable de las contribuciones del presupuesto de 2021 a las prioridades del Parlamento, en particular los quince programas emblemáticos de la UE, en consonancia con las negociaciones en curso sobre el MFP.

Orientaciones del Parlamento para el presupuesto de la Unión para 2021: Sección III – Comisión Europea

11-06-2020

El presupuesto de la Unión para el ejercicio 2021 debería ser el primero del nuevo marco financiero plurianual (MFP) para el periodo 2021-2027. El Parlamento Europeo contribuye a la preparación de propuestas para el presupuesto de la Unión Europea para el siguiente ejercicio mediante la adopción de sus «orientaciones». El proyecto de orientaciones, aprobado por la Comisión de Presupuestos, esboza las prioridades del Parlamento para el presupuesto de la Unión para el ejercicio 2021, a saber, mitigar ...

El presupuesto de la Unión para el ejercicio 2021 debería ser el primero del nuevo marco financiero plurianual (MFP) para el periodo 2021-2027. El Parlamento Europeo contribuye a la preparación de propuestas para el presupuesto de la Unión Europea para el siguiente ejercicio mediante la adopción de sus «orientaciones». El proyecto de orientaciones, aprobado por la Comisión de Presupuestos, esboza las prioridades del Parlamento para el presupuesto de la Unión para el ejercicio 2021, a saber, mitigar los efectos del brote de COVID-19 y apoyar la recuperación, tomando como base el Acuerdo Verde Europeo y la transformación digital. Se espera que el Parlamento adopte sus orientaciones durante el período parcial de sesiones del mes de junio, antes de que la Comisión adopte su propuesta para el proyecto de presupuesto para 2021, prevista para el 24 de junio de 2020.

Presupuesto rectificativo n.° 3/2020 - Consignación del excedente del ejercicio financiero 2019

11-06-2020

El proyecto de presupuesto rectificativo n.º 3/2020 (PPR n.º 3/2020) al presupuesto general para el ejercicio 2020 consigna como ingresos en el presupuesto de la Unión para 2020 el excedente resultante de la ejecución del presupuesto de 2019. El excedente de 2019 asciende a más de 3 200 millones EUR (frente a 1 800 millones EUR en 2018 y 560 millones EUR en 2017). Los componentes de dicho excedente son principalmente unos ingresos superiores a los previstos y una infrautilización en el lado de los ...

El proyecto de presupuesto rectificativo n.º 3/2020 (PPR n.º 3/2020) al presupuesto general para el ejercicio 2020 consigna como ingresos en el presupuesto de la Unión para 2020 el excedente resultante de la ejecución del presupuesto de 2019. El excedente de 2019 asciende a más de 3 200 millones EUR (frente a 1 800 millones EUR en 2018 y 560 millones EUR en 2017). Los componentes de dicho excedente son principalmente unos ingresos superiores a los previstos y una infrautilización en el lado de los gastos. La inclusión del excedente reducirá consecuentemente las contribuciones de los Estados miembros (incluido el Reino Unido) basadas en la renta nacional bruta al presupuesto de la Unión para 2020. Está previsto que el Parlamento Europeo vote la posición del Consejo sobre el PPR n.º 3/2020 durante su periodo parcial de sesiones del mes de junio.

Movilización del Fondo Europeo de Adaptación a la Globalización - Asistencia técnica

11-06-2020

La Comisión Europea ha propuesto movilizar 345 000 EUR del Fondo Europeo de Adaptación a la Globalización (FEAG) para asistencia técnica. La Comisión de Presupuestos del Parlamento Europeo ha respaldado esta propuesta y ha subrayado que el FEAG puede utilizarse para apoyar a los trabajadores despedidos de forma permanente y a los trabajadores por cuenta propia en el contexto de la crisis mundial causada por la pandemia de COVID-19. El Parlamento tiene previsto someter a votación esta propuesta durante ...

La Comisión Europea ha propuesto movilizar 345 000 EUR del Fondo Europeo de Adaptación a la Globalización (FEAG) para asistencia técnica. La Comisión de Presupuestos del Parlamento Europeo ha respaldado esta propuesta y ha subrayado que el FEAG puede utilizarse para apoyar a los trabajadores despedidos de forma permanente y a los trabajadores por cuenta propia en el contexto de la crisis mundial causada por la pandemia de COVID-19. El Parlamento tiene previsto someter a votación esta propuesta durante el período parcial de sesiones de junio.

Three critical issues in EU-UK relations

08-06-2020

Following the withdrawal of the United Kingdom (UK) from the European Union (EU) on 1 February 2020, the EU and the UK launched negotiations on a new partnership agreement, to come into effect at the end of the transition period, scheduled for 31 December 2020. The negotiations are intended to address nearly all the domains covered in the Political Declaration negotiated by both parties alongside the Withdrawal Agreement, including trade and economics, fisheries, thematic cooperation, and internal ...

Following the withdrawal of the United Kingdom (UK) from the European Union (EU) on 1 February 2020, the EU and the UK launched negotiations on a new partnership agreement, to come into effect at the end of the transition period, scheduled for 31 December 2020. The negotiations are intended to address nearly all the domains covered in the Political Declaration negotiated by both parties alongside the Withdrawal Agreement, including trade and economics, fisheries, thematic cooperation, and internal and external security. As far as negotiations on the future economic relationship are concerned, while the parties agree in principle on an exceptional zero-tariff and zero-quota comprehensive and balanced free trade agreement (FTA) aiming for as 'frictionless' trade as possible, they still disagree on major aspects of the economic partnership, especially fisheries and level playing-field (LPF) commitments. The EU wants the future agreement in the fisheries domain to retain the status quo as far as possible, including reciprocal access to waters in return for access to markets and quota-shares that are based on historical fishing patterns. The EU also insists that an effective LPF would ensure fair competition. After the third round of talks, which took place in May 2020, the UK's chief negotiator, David Frost, said that the EU proposal on fisheries was ‘simply not realistic’, and it was unacceptable that the LPF binds the UK to EU law or standards; if need be, the UK would aim for a less ambitious FTA. The EU's chief negotiator, Michel Barnier, said that negotiating an FTA providing for tariffs would be far more time-consuming, and the EU would still demand the same LPF commitments because 'open and fair competition is not a "nice-to-have", it is a "must-have" '. Following the fourth round of negotiations, from 2 to 5 June, the positions therefore still seemed irreconcilable. However, the long stand-off in the earlier negotiations on UK withdrawal had seemed equally irreconcilable before the final agreement was reached and then ratified. One area in which the two sides did manage to agree in those negotiations is the financial settlement included in the Withdrawal Agreement. While that settlement is now being implemented, it had initially been seen as one of the more difficult areas of the withdrawal negotiations.

Financing EU security and defence: Heading 5 of the 2021-2027 MFF

23-01-2020

For the new 2021-2027 multiannual financial framework (MFF), the European Commission proposes to dedicate a separate heading to security and defence – Heading 5. Although the European Union (EU) has already financed action linked to security and defence, this is the first time that this policy area has been so visibly underlined in the EU budget structure. With an allocation of €24 323 million (in 2018 prices), Heading 5 is the smallest of the seven MFF headings and represents 2.1 % of the total ...

For the new 2021-2027 multiannual financial framework (MFF), the European Commission proposes to dedicate a separate heading to security and defence – Heading 5. Although the European Union (EU) has already financed action linked to security and defence, this is the first time that this policy area has been so visibly underlined in the EU budget structure. With an allocation of €24 323 million (in 2018 prices), Heading 5 is the smallest of the seven MFF headings and represents 2.1 % of the total MFF. Heading 5 'Security and Defence' under the new MFF consists of three 'policy clusters': security, (policy cluster number 12), defence (13) and crisis response (14). The programmes and funds proposed for Heading 5 consist of old and new initiatives. They include the continuation of the current Internal Security Fund – Police instrument, funding for nuclear decommissioning and the Union Civil Protection Mechanism (rescEU). The European Defence Fund and the military mobility programme, which is a part of the Connecting Europe Facility, are new. The European Parliament position is supportive of the Commission proposal, with the exception of the allocation for nuclear decommissioning, which the Parliaments sees as insufficient. Even though the Council has not yet expressed its position on the 2021-2027 MFF, the Finnish EU Presidency contributed to the debate with its 'negotiation box' that proposed severe cuts to Heading 5, down to €16 491 million. The European Parliament reaction to this reduction is negative.

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 ...

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.

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EPRS online policy roundtable with the World Bank: Where next for the global economy
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27-01-2021
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