Interview with Josep BORRELL FONTELLES, EP President 2004 - 2007

The story of the EP by its Presidents: Josep BORRELL FONTELLES, EP President 2004 - 2007 - 10. EU own ressources

The parliamentarians are expected to call for a significantly more ambitious long-term EU budget to match EU citizens' expectations in an increasingly complex global landscape. They are likely to argue that the current budget ceiling of 1% of the EU-27’s gross national income is insufficient to respond effectively to the growing range of crises and challenges.

The&nbsp;text&nbsp;prepared by the Budgets Committee highlights that the United States’ retreat from its global role means EU spending will now have to address Russia’s war of aggression against Ukraine, in addition to a highly challenging economic and social backdrop, a competitiveness gap, and the worsening climate and biodiversity crisis.

Parliament’s priorities for the next long-term EU budget are designed to feed into the Commission’s proposal on the next MFF, due to&nbsp;&nbsp;be unveiled in July.

The EU’s 2021-2027 long-term budget, together with the NextGenerationEU recovery instrument, amounts to €2.018 trillion in current prices (€1.8 trillion in 2018 prices).&nbsp;The package consists of the long-term budget, the 2021-2027 multiannual financial framework, made up of €1.211 trillion in current prices (€1.074 trillion in 2018 prices), combined with the temporary recovery instrument, NextGenerationEU, of €806.9 billion (€750 billion in 2018 prices).

EU Multiannual Financial Framework 2021-2027

This package contains the events between 1st July 2019 and 31 December 2020. For latest events, see related links.

There have been five multiannual financial frameworks (MFFs) to date. The Treaty of Lisbon transformed the MFF from an interinstitutional agreement into a legally binding act. Established for a period of at least five years, an MFF must ensure that the Union’s expenditure develops in an orderly manner and within the limits of its own resources, and sets out provisions with which the annual budget of the Union must comply, thus laying the cornerstone of financial discipline.

After almost five days of negotiations, the European Council finally reached a political agreement on the Multiannual Financial Framework (MFF) for 2021 to 2027 and a specific recovery instrument following the coronavirus crisis – Next Generation EU (NGEU) – together totalling €1 824.3 billion. Before the MFF can enter into force, the Parliament must give its consent, which is also a pre-condition for the adoption, by co-decision, of legislation on the new policy programmes.

EU Multiannual Financial Framework 2021-2027 and recovery plan (2019-2020)

EP Plenary session - Threats to EU sovereignty through strategic dependencies in communication infrastructure

Meeting of the EP Conference of Presidents:- arrival and roundtable

EP Plenary session - Conclusions of the extraordinary European Council meeting of 23 April 2020 and New MFF, own resources and Recovery plan

Plenary session - MFF and own resources post-2020

EP Press conference.Vote on BUDG position on EU's next long-term budget post-2020 (MFF) and Own Resources reform

BUDG committee - Vote on the next MFF : Preparing the Parliament’s position on the MFF post-2020.Vote on the reform of the European Union’s system of own resources

Johan VAN OVERTVELDT (ECR, BE), Chair of the BUDG Committee, José Manuel FERNANDES (EPP, PT) and Valérie HAYER (Renew, FR), co-rapporteurs, hold a press conference on EU budget in Strasbourg.This transcription is a result of an automatic process. Please check against delivery.

Press conference by Johan VAN OVERTVELDT (ECR, BE), Chair of the BUDG Committee, José Manuel FERNANDES (EPP, PT) and Valérie HAYER (Renew, FR), co-rapporteurs on EU budget: Repaying the recovery plan, new "Own Resources"

EPRS identifies and frames some of the top key issues that might feature prominently in public debate and on the political agenda of the European Union this year. In times of crises and war, what are the challenges we must face and choices we have to make? Restrictions: ©The material may not be edited and must be shown entirely.

EPRS - Budgeting in times of crises and war

The EP press service organises a seminar for media on the Fit for 55 package, with Environment Committee Chair Pascal Canfin and MEPs in charge of the legislative files. Emissions, taxonomy, energy dependency and the impact of the war are among the topics discussed.

Fit for 55 - Where are we now? - Press seminar: extracts from the opening statement by Pascal CANFIN (Renew, FR), ENVI Committee Chair and the meeting

During the plenary session (7-10 June 2021) in the European Parliament in Strasbourg, MEPs debate on the state of play of the implementation of the Own Resources roadmap: opening statement by Johannes HAHN, European Commissioner for Budget and Administration. The current three main sources of revenue for the 2021-2027 EU budget are customs duties, contributions based on the Value Added Tax (VAT) collected by Member States, and direct contributions by EU countries, also known as Gross National Income-based contributions. As of 1 January 2021, a new revenue source to the EU budget is a contribution based on the non-recycled plastic packaging waste. This transcription speech is the result of an automatic process. Check against delivery.

State of play of the implementation of the Own Resources roadmap: opening statement by Johannes HAHN, European Commissioner for Budget and Administration

During the plenary session (7-10 June 2021) in the European Parliament in Strasbourg, MEPs debate on the state of play of the implementation of the Own Resources roadmap: closing statement by Johannes HAHN, European Commissioner for Budget and Administration. The current three main sources of revenue for the 2021-2027 EU budget are customs duties, contributions based on the Value Added Tax (VAT) collected by Member States, and direct contributions by EU countries, also known as Gross National Income-based contributions. As of 1 January 2021, a new revenue source to the EU budget is a contribution based on the non-recycled plastic packaging waste.

State of play of the implementation of the Own Resources roadmap: closing statement by Johannes HAHN, European Commissioner for Budget and Administration

During the plenary session (7-10 June 2021) in the European Parliament in Strasbourg, MEPs debate on the state of play of the implementation of the Own Resources roadmap. The current three main sources of revenue for the 2021-2027 EU budget are customs duties, contributions based on the Value Added Tax (VAT) collected by Member States, and direct contributions by EU countries, also known as Gross National Income-based contributions. As of 1 January 2021, a new revenue source to the EU budget is a contribution based on the non-recycled plastic packaging waste.

State of play of the implementation of the Own Resources roadmap: continuation of the MEPs debate

State of play of the implementation of the Own Resources roadmap: MEPs debate

During the plenary session (24-25 March 2021) in the European Parliament in Brussels, MEPs discuss on the Reform of EU Own Resources: closing statement by Johannes HAHN, European Commissioner for Budget and Administration.

own resources (T)

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