Next Generation EU - Where are assigned revenue? Which impact in 2021?

15-07-2020

Exception to the budgetary principle of universality, assigned revenues flatten at 10.5 % in last years. In the emergency European Recovery Instrument, “Next Generation EU”, put forward by the Commission EUR 500 billion are external assigned revenue. In 2021, contributions from “Next Generation EU” are planned to provide an additional EUR 211.3 billion of assigned revenue. in 2021, assigned revenue will surge to EUR 220 000 million in commitments and EUR 46 100 million in payments, from a total amount of EUR 17 405.5 million in commitment appropriations and EUR 19 159.6 million in payments appropriations in 2019. On assigned revenue, the European Parliament is excluded from the decision-making process. Given the size of the amount in question, the budgetary treatment of external assigned revenue should be reassessed.

Exception to the budgetary principle of universality, assigned revenues flatten at 10.5 % in last years. In the emergency European Recovery Instrument, “Next Generation EU”, put forward by the Commission EUR 500 billion are external assigned revenue. In 2021, contributions from “Next Generation EU” are planned to provide an additional EUR 211.3 billion of assigned revenue. in 2021, assigned revenue will surge to EUR 220 000 million in commitments and EUR 46 100 million in payments, from a total amount of EUR 17 405.5 million in commitment appropriations and EUR 19 159.6 million in payments appropriations in 2019. On assigned revenue, the European Parliament is excluded from the decision-making process. Given the size of the amount in question, the budgetary treatment of external assigned revenue should be reassessed.