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According to the Ministry of Finance, the payment credits in this budget will amount to 166.1 billion euros. 164.3 billion euros in liabilities. euros.
According to the ministry, the volumes of commitment and payment appropriations are very close to those foreseen in the draft budget prepared by the European Commission, updated on November 16.
Compared to this year’s budget, EU commitments fell 5.5% and payments 1.2%.
Most of the 2021 budget will be dedicated to strengthening the EU single market, innovation-based economic recovery, green and digital transformation, and broad contractual lines, cohesion policy and agriculture.
The European Parliament and the Council of the EU have agreed to increase funding for the Digital Europe program, artificial intelligence and the LIFE program, which provides more funding for the circular economy, the fight against climate change and biodiversity loss, and the transition to clean energy.
It was also agreed to increase spending to ensure security and justice, strengthen judicial institutions and promote their cooperation, protection of the rights of EU citizens, promotion of common values and gender equality.
Due to the impact of the coronavirus pandemic on poverty and socioeconomic problems in developing countries, it has been agreed to increase support for development cooperation.
According to the Ministry, Lithuania’s budget for next year foresees sufficient payments to cover the commitments made previously, which will allow the implementation of projects financed with EU funds started during the financial period 2014-2020.
“We are also very positive about the increase in funding for the transport part of the European Infrastructure Network Facility, as it is the program that finances the strategic railway project” Rail Baltica “, the ministry report reads.
The budget also agreed to increase funding for EU strategic communication and almost € 1 million more. to the European Institute for Gender Equality in Vilnius.
Outgoing Finance Minister Vilius Šapoka says he is very positive about the budget deal.
In particular, this budget reflects the EU’s key priorities for the new period, with a view to economic recovery and long-term sustainable growth. Second, the fast and fluid agreement on the first budget of the new EU Multiannual Financial Framework indicates the focus, determination and very real opportunity for the EU to welcome the new year 2021-2027. The EU’s multi-annual program and the basis for the activation of the European Recovery Instrument, “said the minister.
The EU budget for 2021 will not be formally announced until the adoption of the 2021-2027 budget. The EU’s multiannual financial framework.
No agreement has yet been reached on this program, as Poland and Hungary vetoed 1.8 billion euros from the Community in November 2021-2027. budget of € 750 billion and the adoption of the economic recovery package of € 1 billion, rejecting the provision that the payment of funds must be linked to the obligation of Member States to respect the rule of law and democracy.
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