|Author (Corporate)||European Commission|
The documents related to the adoption, implementation and accounting of the 2020 EU annual budget.
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. This position was confirmed by the Council on 3 September.
|Subject Categories||Economic and Financial Affairs|
|Subject Tags||EU Budget|
|International Organisations||European Union [EU]|