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In July, the European Council agreed on a budget of 1.8 billion euros for the Union’s next seven-year budget and a fund to repair the damage caused by the coronavirus epidemic. The European Parliament has reduced funding for a number of EU programs, including funding for environmental actions, health and education.
According to information on Tuesday, the settlement agreement triples, increases funding for the EU health program by € 16 billion, provides another year of funding for Erasmus + and ensures that research funding continues to grow.
Under the interim agreement, € 15 billion will go to tackle the coronavirus epidemic, priority programs that will create new opportunities for the next generation. The remaining € 1 billion will increase the amount that can be used flexibly to meet potential future needs and crises.
At least 30% of the total budget and the recovery program will be spent on climate change, 7.5% of annual spending starting in 2024 and 10% starting in 2026 on biodiversity, and a methodology for monitoring climate change will be needed. climate and biodiversity most effective to monitor this. applied – nailed.
Another top budget priority will be to ensure gender equality through ex ante evaluation and monitoring of the impact of programs on gender.
Negotiators also agreed that the medium and long-term costs of loans for the post-epidemic recovery plan should not be liquidated at the expense of investment programs in the EU budget or by increasing contributions from Member States based on the gross national product. Therefore, a timetable has been set for the next seven years to introduce new own resources for the European budget. In addition to the revenue from the plastic tax that is expected to be introduced in the roadmap from 2021, the revenue from the European Emissions Trading System (ETS) from 2023, the digital tax from 2024 and from 2026 the financial transaction tax from 2026. contribution or a new common corporate tax base.
The agreement will even have to be approved by the EU Member States, the Committee on Budgetary Control of the European Parliament and then the Plenary of the EP.
Cover image: Getty Images
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