Commission proposes EU budget for 2021-2027

On 2 May, the Commission proposed the long-term EU budget (also referred to as Multiannual Financial Framework) for the 2021-2027 period. The Commission is proposing an increase of expenditure to fund new and pressing priorities and reinforce existing programmes with clear European added value. Areas proposed to spend more in the future include research and innovation, young people, the digital economy, border management, security and defence. At the same time, the Commission's proposal takes fair account of the impact of the withdrawal of the United Kingdom, through a balanced combination of reductions/ redeployments and an increase of expenditure. For that purpose, the proposal includes reductions of roughly 5% in both the Common Agricultural Policy and Cohesion Policy programmes, as they have the largest financial envelopes.

Research and Innovation

Building on the success of the EU’s past flagship research and innovation programmes, the Commission proposes to increase investment in research and innovation by 50%, by allocating €114.8 billion from the future long-term EU budget. The new European research programme, "Horizon Europe", with a budget of €97.9 billion, is the biggest ever research and innovation funding programme. It is designed around three pillars: the Open Science pillar, the Global challenges pillar, and the Open Innovation pillar. An amount of €10 billion in Horizon Europe will support research and innovation in food, agriculture, rural development and the bioeconomy.

Natural resources & environment
The Commission proposes a reformed, modernised Common Agricultural Policy which will ensure access to high-quality food while maintaining a fully integrated single market for agricultural goods in the EU. The reformed policy will place a greater emphasis on the environment and climate and will support the transition towards a more sustainable agricultural sector and the development of vibrant rural areas. The modernised Common Agricultural Policy will have a budget of €365 billion.

The Commission proposes to continue and strengthen the well-established programme for the environment and climate action, LIFE. To supplement targeted nature preservation efforts, the Commission is also reinforcing the synergies with Cohesion Policy and the Common Agricultural Policy to finance investment in nature and biodiversity.

In line with the Paris Agreement and the commitment to the United Nations Sustainable Development Goals, the Commission proposes to set a more ambitious goal for climate mainstreaming across all EU programmes, with a target of at least 25% of EU expenditure across all EU programmes contributing to climate objectives.

More information can be found on the European Commission website

Picture credit: European Union, 2018

 

Posted by

Share: