The European Commission’s proposal on the next 2021-2027 EU Budget starts a dynamic debate on the future of Europe, but also of EU Funding to its Member States and regions.
Despite a 5% cut in each of the Cohesion and Agricultural policies, the European Structural and Investment Funds (ESIF) remain the most powerful investment tool of the European Union. They account for more than a half of the proposed 7-year EU Budget (Cohesion Policy - 374 billion EUR and Common Agriculture Policy - 371 billion EUR, including direct payments).
Leading up to the EU & Western Balkan Summit that will take place on 17 May 2018 in Sofia, Schuman Associates kicks off a special edition of its monthly 'Country Digest’ featuring Western Balkans countries. First one – Serbia.
By all accounts 2018 is the year of Enlargement policy. On 6 February 2018 the Commissions adopted a Strategy for 'A credible enlargement perspective for and enhanced EU engagement with the Western Balkans', and it announced six flagship initiatives – a set of concrete actions to be implemented in the next two years. To support the implementation of the new flagship initiatives, the Commission proposed to top up the 1.07 BEUR already foreseen for the region for 2018. In this sense, more funding will be directed towards infrastructure investment in transport, energy & digital.
On 2nd May the European Commission revealed its awaited proposal on the new multiannual budget for the period 2021-2027. This Communication officially marks the starting point of inter-institutional negotiations that will top the EU agenda in the coming months.
On 2 May 2018, the European Commission presented its proposal for the EU’s next seven years budget cycle (also known as the Multiannual Financial Framework – MFF) covering the period 2021-2027. The proposal will now go to the co-legislators (European Parliament and Council) which will further discuss and amend accordingly. In the best case scenario, the Commission expects to have the MFF ready before the European Parliament’s election taking place at the end of 2019.
The proposal tabled on the 2nd of May by the European Commission starts a vivid debate on the EU’s long-term budget for 2021-2027 in the months ahead. The proposed 7-years budget of EUR 1279 billion (in current prices), is more than initially expected. By mid-June, the Commission will reveal further details for different policy and funding areas.