Table of Contents – Abroad – The European Parliament approves the seven-year EU budget

The European Parliament approved on Wednesday the European Union budget for the next seven years, from 2021 to 2027, so that EU member states can access EU subsidies starting next year, the MTI announced.

On November 10, an agreement was reached with the Council of the European Union on a budget of 1,074 million euros for seven years, with 548 votes in favor, 81 against and 66 abstentions, confirmed by the European Council of Heads of State and of Government last week. . The budget lines will have a significant additional resource compared to previous years, among other things

In addition, significant additional amounts will be available to address potential future needs and crises and to complement key programs. At the same time, the European Parliament adopted an interinstitutional agreement on the own resources of the budget and on the internal transfer of funds. Therefore, the medium and long-term costs of borrowing for the coronavirus recovery fund should not be offset either at the expense of investment programs already established in the long-term budget or by increasing contributions from Member States. based on gross national income. Therefore, the parliamentary negotiators have proposed a timetable for the next seven years for the introduction of new own resources for the European budget.

In this calendar, starting in 2021, the income of a tax that levies the amount of non-recycled plastics in each Member State, starting in 2023 under the European Emissions Trading Scheme (ETS) and possibly an adjustment mechanism of cross-border CO2 emissions, and a new rate and, from 2026, revenue based on the financial transaction tax, as well as the financial contribution of the business sector and the new uniform corporate tax base.

A more effective climate and biodiversity monitoring methodology will need to be used to monitor this. Ensuring gender equality will also be a top budget priority, through ex-ante gender evaluation and monitoring of program impact. The Council of the European Union must even formally approve the EU budget and the interinstitutional agreement.