Annual EU budget 2020

Author (Corporate)
Publication Date 2019-
Content Type

Summary:

The documents related to the adoption, implementation and accounting of the 2020 EU annual budget.

Further information:

The European Commission published on 5 June 2019 its proposal for the annual budget for the European Union relating to 2020, amounting to €168.3 billion.

This is the seventh and last budget under the 2014-2020 Multiannual Financial Framework (MFF), and operates within the limitations set therein. It was designed to optimise funding for existing programmes as well as new initiatives and to boost the European added value in line with the priorities set by the Juncker Commission.

The EU budget is primarily an investment budget. Amounting to roughly 1% of EU GNI, and representing around 2% of all EU public spending, it aims to complement national budgets and implement priorities which all EU members have agreed upon. The proposal was based on the assumption that the United Kingdom participates fully in the implementation and financing of the 2020 EU budget as if it were a Member State.

The Committee of Representatives of the Council of the European Union adopted its position on the proposed annual budget on 10 July.

Source Link https://ec.europa.eu/info/about-european-commission/eu-budget/documents/annual-budget/2020_en
Related Link(s)
News
EurActiv, 05/06/2019: Climate becomes top priority in EU’s 2020 budget https://www.euractiv.com/section/economy-jobs/news/climate-becomes-top-priority-in-eus-2020-budget/

Official
European Commission: Press Release, 05/06/2019: EU budget 2020: Commission focuses its proposal on jobs, growth and security http://europa.eu/rapid/press-release_IP-19-2809_en.htm
European Commission: Fact Sheet, 05/06/2019: Draft EU Budget 2020 – Questions and Answers http://europa.eu/rapid/press-release_MEMO-19-2829_en.htm
EUR-Lex: COM(2019)400: Draft general budget of the European Union for the financial year 2020 https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=COM:2019:400:FIN
Council of the European Union: Press Release, 10/07/2019: 2020 EU budget: Council agrees its position https://www.consilium.europa.eu/en/press/press-releases/2019/07/10/2020-eu-budget-council-agrees-its-position/

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