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Ϸվ is due to adopt its vision for the European Union's post-2027 long-term budget during the May plenary session. Ahead of the European Commission's proposal, expected in July, the report adopted by the Committee on Budgets insists that the next multiannual financial framework (MFF) must be significantly above 1 % of the EU's gross national income (GNI). The report rejects the 'one national plan per Member State' approach, as envisaged by the European Commission, as a basis for ...

During the May I plenary session, the European Ϸվ is to decide on granting discharge for the 2023 financial year to the different EU institutions and bodies. Accounting for more than 95 % of the overall EU budget, the European Commission's budget is at the centre of the discharge procedure. The discharge of the Commission includes its six executive agencies and the grant component of the Recovery and Resilience Facility (RRF). Separate discharge is granted to the Commission concerning the ...

This study seeks to provide a concise and succinct overview of the structure, key facts and figures, and rules and procedures of the EU budget, and informs on the latest developments in EU finances and budgeting. It aims to serve both as a reference guide for experienced EU budget actors and as a primer for newcomers to the EU budget. It continues an annual series of 'Outlooks' produced by the European Ϸվary Research Service (EPRS) over the past eight years. This study analyses the expenditure ...

The adoption of the next multiannual financial framework (MFF) for the period from 2028 will be one of the second von der Leyen Commission's defining projects. Striking a delicate balance between the EU's growing financial needs and many Member States' reluctance to shoulder higher payments to the EU has always been a challenging task. However, never before have the EU's many financial needs been greater – and, at the same time, Member States' budgets are under heavy constraints. On the expenditure ...

Austria's national recovery and resilience plan (NRRP) was updated on 9 November 2023 with the introduction of a REPowerEU chapter. The plan now totals €4 187 million, of which €3 961million are financed through Recovery and Resilience Facility (RRF) grants. The difference is financed through national resources. To implement the plan, Austria is leveraging further amounts beyond EU support from the national budget. Austria has requested the maximum amount of grants available (non-repayable support ...

In April 2024, the European Ϸվ decided to postpone its decision on granting discharge to the European Council and the Council for the 2022 budget owing to a number of critical observations. Ϸվ's Committee on Budgetary Control has re-examined the situation but, given the Council's lack of willingness to cooperate on the discharge procedure, it cannot take an informed decision. It therefore recommends in this second and final report not to grant discharge to the two institutions. Since ...

Offering an overview of the budgetary situation in the European Union, this study continues an annual series of 'Outlooks' produced by the European Ϸվary Research Service (EPRS) over the past seven years. In seven chapters, the authors of the publication explain and analyse the EU budget from all angles. The study takes full account of the first-ever mid-term revision of the ceilings of the EU's multiannual financial framework (MFF), adopted early in 2024, and the subsequent adjustments to ...

During the April I plenary session, Ϸվ is to decide on granting discharge for the 2022 financial year to the different institutions and bodies of the EU. As part of this procedure, it will vote on the report covering the Commission. Since 2021, the discharge procedure also applies to the grant component of the Recovery and Resilience Facility (RRF) under the recovery instrument. A chapter on the RRF is thus included in the report on the Commission. Separate discharge is granted to the Commission ...

For the first time ever, the European Ϸվ and the Council have agreed to revise the ceilings of the EU's multiannual financial framework. The agreement affects the remaining years of the current financial period: 2024 to 2027. Ϸվ had demanded a revision to enable the EU to rise to its challenges effectively. At the special European Council meeting on 1 February 2024, the EU Heads of State or Government reached a highly anticipated decision on the revision following the ...

Having failed to agree on the revision of the EU's 2021-2027 budget at the December European Council meeting, Member States will attempt to break the impasse at an extraordinary meeting on 1 February 2024.