The European Union: The Budget

Sunday, 6 May 2018 - 02:18 pm (CET/MEZ) Berlin | Author/Destination:
Category/Kategorie: Editorial, European Union, General

(Latest update: 30 July 2020) Now it’s back to business: The European Commissioner for Budget and Human Resources Günther Oettinger has presented the draft of the new EU budget and as we already know: Money can end friendships. This is no different between EU member states than between companies and private persons. However, this is not just an annual plan, but a five-year plan, this time with significantly changed circumstances to the previous plans, so that the negotiations until the unanimous decision-making will be infinitely long.

Some reasons are:

This is the initial plan. It will be interesting to see what will ultimately be implemented or how the overall result will look like, because, of course, all the usual suspects have already expressed “concerns, rejections and claims for improvement”. However, with all the expected cackling, one can remain relaxed as an observer insofar as everything will continue as usual even without a new and adopted EU budget, because there is a mechanism for it as well: From 2021 onwards, the budget adopted for the financial year 2020 (minus the UK share) would be the basis and be repeated endlessly over the coming years until a new budget has been adopted unanimously.

The European Union has a budget to pay for policies carried out at European level (such as agriculture, assistance to poorer regions (including those regions in the UK, which mostly voted in favour of the Brexit), trans-European networks, research, some overseas development aid) and for its administration, including a parliament, executive branch, and judiciary that are distinct from those of the member states. These arms administer the application of treaties, laws and agreements between the member states and their expenditure on common policies throughout the Union. According to the European Commission, 6% of expenditure is on administration, compared with 94% on policies.

The EU budget is proposed annually by the European Commission. The proposed annual budget is then reviewed and negotiated by the Council of the European Union (which represents member states’ governments) and the European Parliament (which represents EU citizens). In order for the budget to be finalised, consensus of all member states is required. The annual budget must remain within ceilings determined in advance by the Multiannual Financial Framework, laid down for a seven-year period by the Council (requiring the unanimous approval of every Member State) with the assent of the Parliament. The budget for a year is determined in advance, but final calculations of payments required from each member state are not completed until after the budget year is over and information about revenue and expenditure is available, and correction mechanisms have been applied.

Media coverage: The Guardian, 17 January 2019: MEPs back plans to cut funds for EU states who weaken rule of law, Politico.eu, 16 September 2019: Germany fights to limit EU spending in long-term budget, Politico.eu, 30 October 2019: Commission gives up on EU budget deal in 2019, Politico.eu, 4 November 2019: The EU’s budget tribes explained, European Parliamant, 15 November 2019: EU Budget 2020 conciliation talks suspended, Council of the EU, 18 November 2019: 2020 EU budget: Council and Parliament reach agreement, Reuters, 19 November 2019: EU reaches deal on 2020 budget, boosts funds for climate change, EU borders, Politico.eu, 2 December 2019: EU budget fight heats up, Politico.eu, 6 December 2019: What rich countries get wrong about the EU budget, Reuters, 12 December 2019: EU leaders offer money to reluctant east to push 2050 climate neutrality, Politico, 24 January 2020: Mafia harvest rewards from EU farm funds, Politico, 25 January 2020: Charles Michel calls special summit on EU budget, Politico.eu, 2 February 2020: 15 countries fight to protect EU cohesion funding, Politico.eu, 6 February 2020: EU budget battle joined ahead of summit showdown, Politico.eu, 13 February 2020: ‘Epic battle’ over green farming divides EU departments, Politico.eu, 14 February 2020: 8 takeaways from the new EU budget proposal, The Guardian, 16 February 2020: ‘Fighting like ferrets in a bag’ as EU tries to plug Brexit cash hole, Politico.eu, 18 February 2020: EU budget talks: The essential guide, Politico.eu, 19 February 2020: Merkel: EU budget talks will be ‘very tough and difficult’, Politico.eu, 19 February 2020: Charles Michel plots ‘miracle’ EU budget deal, Politico.eu, 19 February 2020: Top 5 EU budget tricks, Politico.eu, 19 February 2020: EU budget summit: Live blog, Politico.eu, 20 February 2020: Struggle over Rail Baltica spills into Brussels budget fray, Politico.eu, 20 February 2020: Mario Monti: Don’t let the ‘frugals’ rule the budget, Politico.eu, 20 February 2020: Parliament’s EU budget strategy: Go big, then go home, Politico.eu, 21 February 2020: More slumber than numbers at EU budget summit, BBC, 21 February 2020: Talks end amid stand-off between ‘frugal’ and other nations, The Guardian, 21 February 2020: EU summit collapses as leaders struggle to fill €75bn Brexit hole, Gulf Times, 22 February 2020: EU leaders make last-ditch push for budget ‘miracle’, Politico.eu, 22 February 2020: No budging from leaders means no EU budget (yet), Politico.eu, 30 March 2020: EU budget to be at ‘heart’ of coronavirus response, von der Leyen says, Politico.eu, 5 April 2020: EU budget must be geared for coronavirus recovery, says von der Leyen, Politico.eu, 6 April 2020: EU budget won’t be corona-era Marshall Plan, Politico.eu, 8 April 2020: Eurogroup talks to save EU economy gridlocked over credit lines, corona bonds, Politico.eu, 15 April 2020: Von der Leyen calls for ‘huge’ initiative within EU budget, Politico.com, 17 April 2020: EU should back ‘recovery bonds’ in response to coronavirus, says European Parliament, Politico.eu, 20 April 2020: Merkel backs EU bonds to fight coronavirus crisis, Der Spiegel, 20 April 2020: European Commissioner for Financial and Economic Affairs: “The EU Cannot Afford to Get Bogged Down in Past Discussions”, Politico.eu, 21 April 2020: Joint response to coronavirus crisis will benefit all EU countries, Politico.eu, 21 April 2020: EU leaders draft coronavirus recovery plan, Politico.eu, 22 April 2020: If you want a bailout in Europe, don’t use tax havens, Reuters, 23 April 2020: EU’s von der Leyen sees 2-3 year hike in EU budget firepower, Politico.eu, 23 April 2020: If you want a bailout in Europe, don’t use tax havens, Reuters, 23 April 2020: EU leaders agree on need for EU recovery fund, says Merkel after talks, Politico.eu, 23 April 2020: Commission to present budget and coronavirus recovery plan on May 6, France24, 23 April 2020: EU agrees trillion euro Covid-19 rescue deal – but procrastinates on details, NPR, 23 April 2020: EU Leaders Fail To Agree On Coronavirus Economic Recovery Program, The Guardian, 23 April 2020: Coronavirus delivers a ‘moment of truth’ on the meaning of the EU, Irish Times, 24 April 2020: Coronavirus: EU leaders reach agreement on everything but the big stuff, Politico.eu, 24 April 2020: EU leaders back budget reboot for coronavirus recovery, Al Jazeera, 24 April 2020: EU urged to attach ‘green strings’ to members’ cash handouts, Politico.eu, 30 April 2020: MEPs to Czech PM: Bow out of EU budget talks over conflicts of interest, France24, 27 May 2020: EU Commission proposes €750 billion recovery fund in wake of Covid-19 crisis (congratulations to this sensationally good proposal with a lot of foresight and future orientation or according to the American motto “go big or go home!”), BBC, 27 May 2020: Von der Leyen calls €750bn recovery fund ‘Europe’s moment’, CNN, 27 May 2020: EU plans to raise $825 billion for coronavirus relief. Hard-hit countries need help soon, The Guardian, 27 May 2020: European commission: ‘Defining moment’ as EU executive pushes for €500bn in grants, The New York Times, 27 May 2020: A €750 Billion Virus Recovery Plan Thrusts Europe Into a New Frontier, The Washington Post, 27 May 2020: E.U. proposes $825 billion coronavirus rescue plan giving Brussels power to raise money for first time, BBC, 28 May 2020: EU budget: Who pays most in and who gets most back?, Politico.eu, 11 June 2020: EU leaders deeply divided on recovery budget, Michel tells Parliament, Politico.eu, 16 June 2020: New factions emerge in EU recovery fund fight, France24, 19 June 2020: Merkel urges EU to agree on €750 billion recovery plan by end of July, DW, 19 June 2020: EU leaders hold virtual summit on coronavirus recovery plan, The Guardian, 19 June 2020: Angela Merkel fears economic crisis is being underestimated in EU, France24, 19 June 2020: Divided EU leaders face challenges on Covid-19 stimulus package, Politico.eu, 19 June 2020: In budget summit, EU leaders live up to low expectations, Politico.eu, 24 June 2020: Hey, big spender! EU prepares to splash the cash (it is becoming increasingly clear that it is once again time for big pictures and visions of an integrated EU and that real leaders must courageously go ahead, take the EU population with them, animate them, cheer them up – just as outstanding coaches in team sports have to do it in order to ultimately win the trophy. Because of and through Corona, the EU has once again been “given” a time window for major changes. This means that the most important basic requirements are already in place: money is there, there is general consensus, there is a spirit of optimism right up to impatience, and there is pressure to change for years. There is a lot to do, but it can be taken as a very positive challenge because it means work for everyone. What does it start with? Development clear specifications and requirements for the individual departments (economy, education, social issues, environment, digitization, EU defense etc.). After that, only one thing is missing, namely the starting shot! It is actually very simple and only needs to be done), The Guardian, 29 June 2020: Poland should get less from Covid-19 fund due to rights record, claim EU member states (rightly so. As the Poles claim that they are a Christian nation (according to their reactions on the migration crisis, they don’t even have the slightest idea what Christian values are), they should know the biblical “eye for an eye” concept pretty well), Politico.eu, 29 June 2020: Merkel’s Dr. No gets his toughest mission yet, DW, 2 July 2020: Germany takes helm of EU presidency, Merkel urges resolve on virus recovery plan, Politico.eu, 3 July 2020: European Parliament leaders in Spanish spat, Politico.eu, 4 July 2020: EU budget rules to come back after crisis: Dombrovskis, Politico.eu, 7 July 2020: Why the recovery fund won’t work, Politico.eu, 9 July 2020: European Parliament clashes with Merkel over rule of law in budget talks, Politico.eu, 9 July 2020: Merkel sees tough road to EU budget and recovery deal, Politico.eu, 10 July 2020: Charles Michel’s small cuts set stage for big EU budget fight, Politico.eu, 10 July 2020: Rutte says Michel’s EU budget plan is an improvement, The Guardian, 12 July 2020: EU leaders are split over coronavirus recovery, DW, 13 July 2020: German Chancellor Angela Merkel says EU leaders ‘remain apart’ on coronavirus recovery deal, France, 13 July 2020: EU summit may not reach recovery fund deal: Merkel, Politico.eu, 15 July 2020: The coronavirus recovery plan that von der Leyen built, DW, 16 July 2020: Germany finds new coronavirus generosity ahead of EU summit, Politico.eu, 16 July 2020: Live blog: EU summit on budget and coronavirus recovery fund, Politico.eu, 16 July 2020: The EU’s budget fight — by the numbers, DW, 17 July 2020: EU leaders meet for ‘very difficult’ coronavirus recovery talks, France24, 17 July 2020: EU leaders open tortuous talks on controversial Covid-19 rescue plan, BBC, 17 July 2020: EU’s ‘moment of truth’ as leaders seek Covid funding deal, The Guardian, 17 July 2020: After bumps, bows and birthday gifts, EU leaders get down to business, Politico.eu, 18 July 2020: EU leaders call it a night after Dutch block in budget talks, Irish Times, 18 July 2020: EU member states at loggerheads over fund in ‘moment of truth’, DW, 18 July 2020: EU summit: ‘New proposals’ seek way round Dutch roadblock to recovery plan, Politico.eu, 18 July 2020: Live blog Day 2: EU summit on budget, coronavirus recovery fund, The National, 18 July 2020: Deadlock as EU’s Covid-19 bailout summit stretches into second evening, Politico.eu, 19 July 2020: Viktor Orbán: I don’t know why Mark Rutte hates me and Hungary, France24, 19 July 2020: EU summit drags on for third day over controversial Covid-19 rescue plan, DW, 19 July 2020: EU summit: Angela Merkel warns of possible no deal on recovery aid, BBC, 19 July 2020: Coronavirus: Third day of wrangling over huge EU recovery plan, The National, 20 July 2020: EU struggles to agree on recovery deal as global deaths surge, Politico.eu, 20 July 2020: Live blog Day 3: EU summit on budget, coronavirus recovery fund, The Guardian, 20 July 2020: EU leaders in bitter clash over Covid-19 recovery package, France24, 20 July 2020: Macron clashes with Rutte and Kurz at EU summit, The National, 20 July 2020: EU leaders fail to reconcile differences over recovery fund as talks continue, Al Arabiya, 20 July 2020: Coronavirus: EU grapples with ‘mission impossible’ at deadlocked recovery summit, Politico.eu, 20 July 2020: EU leaders see path to budget-and-recovery deal, France24, 20 July 2020: EU leaders deadlocked in talks over Covid-19 recovery plan, Politico.eu, 20 July 2020: Why the EU can’t agree on anything, France24, 20 July 2020: Dutch PM Mark Rutte, the thrifty europhile holding Europe hostage, Politico.eu, 20 July 2020: Live blog Day 4: EU summit on budget, coronavirus recovery fund, CNN, 20 July 2020: EU’s future at stake as tempers fray over recovery fund, The Guardian, 20 July 2020: EU Macron seeks to end acrimony as pandemic recovery fund summit enters fourth day, France24, 21 July 2020: EU leaders agree landmark 750 bn euro recovery deal (in the light of the previous, unworthy monkey business of the “stingy four” and the “new Eastern bloc”, one can hardly speak of a success. A lot of porcelain has been smashed unnecessarily and this has damaged the image of the EU internationally. Only people who have no idea how important the EU really is to their allotment gardens can act so unintelligent), BBC, 21 July 2020: EU agrees €750bn virus recovery fund, The Guardian, 21 July 2020: EU Leaders seal deal on €750bn Covid-19 recovery plans, France24, 21 July 2020: EU leaders adopt Covid-19 rescue package after marathon summit, BBC, 21 July 2020: Coronavirus: EU leaders reach recovery deal after marathon summit, Politico.eu, 21 July 2020: Toward an ever closer imperfect union, CNN, 21 July 2020: EU leaders have reached an agreement on a $858 billion coronavirus stimulus package, France24, 21 July 2020: It’s a ‘deal’ as EU leaders end marathon summit with historic rescue package, Politico.eu, 21 July 2020: EU leaders agree on €1.82T budget and coronavirus recovery package, France24, 21 July 2020: EU rescue deal: ‘The most important moment in the life of our Europe,’ says Macron, The New York Times, 21 July 2020: E.U. Adopts $857 Billion Stimulus to Fight Coronavirus Recession, The Washington Post, 21 July 2020: E.U. leaders agree to $859 billion stimulus package, Politico.eu, 21 July 2020: POLITICO’s guide to the EU budget deal, The Guardian, 22 July 2020: With its recovery deal, is the EU finally starting to act like a unifying force?, Arab News, 23 July 2020: Why EU’s historic breakthrough is a major milestone, Politico.eu, 24 July 2020: EU summit insults and rubbish superheroes, Politico.eu, 24 July 2020: EU says landmark budget deal adds pressure on UK in Brexit talks, Politico.eu, 24 July 2020: Charles Michel, the budget deal and the art of the terrace tête-à-tête, France24, 25 July 2020: EU recovery plan deals a blow to popular Erasmus exchange programme, Politico.eu, 25 July 2020: The EU budget and recovery deal — in charts, The National, 26 July 2020: How much will the EU’s ‘historic’ new deal change life in Europe?, The Washington Post, 26 July 2020: Is Europe finally coming together?, The Guardian, 30 July 2020: Can Germany now hold the European team together?.

This is the analyses of the EU budget proposal from 2018. Let’s wait an see how the EU budget 2021 – 23027 will really look like:

EPRS_IDA(2018)625148_EN


Read more on europa.eu – Budget, Europa.eu: What’s next? The InvestEU Programme (2021-2027), Wikipedia Budget of the European Union, VOLT Europa, United Europe and Pulse of Europe.


Overview EU series:

Budget 2014–2020
budget_en_2020


White_Paper_on_the_future_of_Europe


47244656633_en





Recommended posts:

Share this post: (Please note data protection regulations before using buttons)

Golden Gate National Recreation Area in California

Golden Gate National Recreation Area in California

[caption id="attachment_200766" align="aligncenter" width="457"] Map of Golden Gate National Recreation Area © nps.gov[/caption][responsivevoice_button voice="UK English Female" buttontext="Listen to this Post"]The Golden Gate National Recreation Area (GGNRA) is a U.S. National Recreation Area protecting 82,027 acres (33,195 ha) of ecologically and historically significant landscapes surrounding the San Francisco Bay Area. Much of the park is land formerly used by the United States Army. GGNRA is managed by the National Park Service and is one of the most visited units of the National Park s...

[ read more ]

Beersheba, capital of the Negev

Beersheba, capital of the Negev

[caption id="attachment_162659" align="aligncenter" width="590"] © Moshe David/cc-by-2.5[/caption][responsivevoice_button voice="UK English Female" buttontext="Listen to this Post"]Beersheba is the largest city in the Negev desert of southern Israel. Often referred to as the "Capital of the Negev", it is the center of the fourth most populous metropolitan area in Israel, the eighth most populous city in Israel with a population of 201,086, and the second largest city with a total of 117,500 dunams (after Jerusalem). Beersheba has grown considerably since then. A large portion of the populatio...

[ read more ]

White Villages Route of Andalusia

White Villages Route of Andalusia

[caption id="attachment_27454" align="aligncenter" width="590"] Cuesta de Alhacaba - Typical house in the province of Granada © Claudio Landi/cc-by-sa-3.0[/caption][responsivevoice_button voice="UK English Female" buttontext="Listen to this Post"]The White Towns of Andalusia, or Pueblos Blancos, are a series of more then 30 places, towns and large villages in the northern part of the provinces of Cádiz and Málaga in southern Spain, mostly within the UNESCO biosphere reserve Sierra de Grazalema Natural Park. All of the villages are characterised by whitewashed walls and red or brown tiled ro...

[ read more ]

Oświęcim in Poland

Oświęcim in Poland

[caption id="attachment_150658" align="aligncenter" width="590"] Oświęcim Castle © Beemwej/cc-by-sa-3.0-pl[/caption][responsivevoice_button voice="UK English Female" buttontext="Listen to this Post"]Oświęcim (german: Auschwitz) is a town in the Lesser Poland province of southern Poland, situated 50 kilometres (31 mi) west of Kraków, near the confluence of the rivers Vistula (Wisła) and Soła. The town is best known as being the location of the Auschwitz concentration camp during World War II. Oświęcim lies on the intersection of National Road nr. 44 with local road nr. 933, an...

[ read more ]

Abraj Al Bait Towers in Mecca

Abraj Al Bait Towers in Mecca

[caption id="attachment_165052" align="aligncenter" width="442"] Abraj Al Bait Towers © King Eliot/cc-by-sa-3.0[/caption][responsivevoice_button voice="UK English Female" buttontext="Listen to this Post"]The Abraj Al-Bait is a government-owned megatall complex of seven skyscraper hotels in Mecca. These towers are a part of the King Abdulaziz Endowment Project that strives to modernize the city in catering to its pilgrims. The central hotel tower, the Makkah Royal Clock Tower, A Fairmont Hotel, has the world's largest clock face and is the third tallest building and fourth tallest freestanding...

[ read more ]

The trimaran Hydroptère

The trimaran Hydroptère

[caption id="attachment_153869" align="aligncenter" width="590"] © hydroptere.com[/caption][responsivevoice_button voice="UK English Female" buttontext="Listen to this Post"]The Hydroptère is an experimental sailing hydrofoil designed by French yachtsman Alain Thébault. Her multihull hydrofoil design allows the sail-powered vessel to reach high speeds on water. The design is based on experience from a range of hydrofoil sailcraft that Thébault built in cooperation with Éric Tabarly since the 1990s. On October 5, 2008 she reached a record speed of 52.86 knots (97.90 km/h; 60.83 mph), howev...

[ read more ]

Theme Week New York City - Brooklyn

Theme Week New York City - Brooklyn

[caption id="attachment_162529" align="aligncenter" width="590"] Brooklyn Borough Hall © Jim.henderson[/caption][responsivevoice_button voice="UK English Female" buttontext="Listen to this Post"]Brooklyn is the most populous of New York City's five boroughs, with a Census-estimated 2,6 million residents in 2015. It is geographically adjacent to the borough of Queens at the southwestern end of Long Island. Since 1896, Brooklyn has had the same boundaries as Kings County, the most populous county in the U.S. state of New York, and the second-most densely populated county in the United States, a...

[ read more ]

Dachau in Upper Bavaria

Dachau in Upper Bavaria

[caption id="attachment_153420" align="aligncenter" width="590"] Historic District - Konrad Adenauer Street © Schlaier/cc-by-3.0[/caption][responsivevoice_button voice="UK English Female" buttontext="Listen to this Post"]Dachau is a major district town of the administrative region of Upper Bavaria, in the southern part of Germany, about 20 kilometres (12 miles) north-west of Munich. It is now a popular residential area for people working in Munich with roughly 40,000 inhabitants. The historic centre of town with its 18th-century castle is situated on an elevation and visible over a great dist...

[ read more ]

Portrait: John Locke, the father of Classical Liberalism

Portrait: John Locke, the father of Classical Liberalism

[caption id="attachment_24835" align="aligncenter" width="590"] John Locke signature[/caption][responsivevoice_button voice="UK English Female" buttontext="Listen to this Post"]John Locke (1632 – 1704), widely known as the Father of Classical Liberalism, was an English philosopher and physician regarded as one of the most influential of Enlightenment thinkers. Considered one of the first of the British empiricists, following the tradition of Francis Bacon, he is equally important to social contract theory. His work greatly affected the development of epistemology and political philosophy. Hi...

[ read more ]

Theme Week Veneto - Chioggia

Theme Week Veneto - Chioggia

[caption id="attachment_150755" align="aligncenter" width="590"] Corso del Popolo © flickr.com - dalbera/cc-by-2.0[/caption][responsivevoice_button voice="UK English Female" buttontext="Listen to this Post"]Chioggia is a coastal town and comune of the province of Venice in the Veneto region of northern Italy. The municipality, located in south of the province, is close to the provinces of Padua and Rovigo. The town is situated on a small island at the southern entrance to the Lagoon of Venice about 25 km south of Venice (50 km by road); causeways connect it to the mainland and to its frazione...

[ read more ]

Return to Top ▲Return to Top ▲
© Osvát András
Victoria & Alfred Waterfront in Cape Town

The Victoria & Alfred (V&A) Waterfront in Cape Town is situated on the Atlantic shore, Table Bay Harbour, the City...

© geograph.org.uk - John Salmon/cc-by-sa-2.0
Temple Church in London

The Temple Church is a late 12th-century church in the City of London located between Fleet Street and the River...

© Alexandre/cc-by-sa-3.0
The museum ship Falls of Clyde

Falls of Clyde is the last surviving iron-hulled, four-masted full-rigged ship, and the only remaining sail-driven oil tanker. Designated a...

Schließen