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The decision was supported by 548 MEPs, 81 against and 66 abstentions. The seven-year EU financial framework will enter into force for a total amount of € 1.09 trillion. Compared to what EU leaders agreed in July, it has risen by 16 billion. euros. € 15 billion 1 billion will complement EU priority programs and another € 1 billion will provide flexibility to deal with future crises.
According to the report, the European Parliament (EP) has managed to increase funding for key programs: a triple increase in the EU program for health, as well as more funding for the Erasmus + educational exchange program and the European Horizon research program. An additional $ 11 billion 1 billion euros for these programs will come from fines imposed on companies for violations of competition law. MEPs have been calling for these funds to remain in the EU budget for many years.
MEPs have also managed to ensure that funds lent to the Economic Recovery Fund are not repaid in future at the expense of EU budget programs or increased public contributions. Therefore, a plan for the new own resources of the EU was drawn up together with the multi-annual budget and validated in the interinstitutional agreement (550 votes in favor, 72 against, 73 abstentions). It establishes a tax on raw plastics from 2021 and 2023 onwards. – the contribution of the emissions trading scheme, which may be linked to carbon imports, from 2024. – a tax on digital services, and from 2026. – a tax on financial transactions and a contribution related to the business area or a new common corporate tax base.
Although the EU’s Next Generation Economic Recovery Instrument is based on Article 122 TFEU, which does not provide a role for the European Parliament, it has been agreed that the three main EU institutions will jointly assess and ensure transparency and that the EP and Council agreed plans. A new “constructive dialogue” procedure between the EP and the Council is also foreseen, which will allow both institutions to assess the budgetary implications of the proposed legislation related to the recovery mechanism.
It was agreed to improve the climate and biodiversity monitoring methodology so that at least 30% of the total EU budget and the Recovery Fund, 7.5% would be allocated to climate change mitigation targets; annual spending as of 2024. and 10 percent. since 2026 for biodiversity purposes. For its part, one of the priorities of the EU multiannual budget will be to promote gender equality, together with comprehensive impact assessments and program monitoring.
Parliament also intends to adopt a resolution on Thursday setting out a more detailed position for 2021-2027. The multi-annual budget of the EU.
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