Fabian Demicoli

2014 EU budget agreed


A package deal comprising the 2014 EU budget and the
financing of EUR 400.5 million to  remediate flood and drought damages in
four member states was agreed today by the Council and the European Parliament
at a meeting of the Conciliation Committee.

"I believe that today's agreement on the 2014 EU
budget is a good start for the new  programming period", said
Vice-Minister for Finance of Lithuania and President of the Council Algimantas
Rimkunas. "I'm glad that we could reach an agreement with the European
Parliament on the financing of priority areas such as growth, employment, innovation
and humanitarian aid. We also agreed to reinforce the financing on migration,
FRONTEX, the European Asylum Support Office, Europol and the three supervisory
authorities which are important for the proper implementation of the Economic
and Monetary Union."

The agreement on the 2014 EU budget, which is the
first under the multiannual financial framework (MFF) for 2014-2020, meets
three objectives:

–     It
preserves member states' budgets from additional pressure which might force
them to strengthen their consolidation efforts at national level by setting the
level of funds significantly below the 2013 budget;

–     It leaves
sufficient margins under the MFF ceilings to allow the EU to cope with
unforeseen situations;

–     It ensures that European taxpayers' money is
spent on the most urgent political priorities, notably on measures to boost
growth and create jobs, in particular for young people.

 

 

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