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.

statement

Strasbourg

debate

plenary session

own resources (T)

HAHN, Johannes (AT, EC)

Multiannual financial framework 2021-2027 (T)

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

SOUNDBITE (English), Johannes HAHN, European Commissioner for Budget and Administration, President, honourable members, let me start by expressing my gratitude to the 27 EU governments and national parliaments that have approved the own resources decision at record speech speed. This allows the commission to kick start next generation EU and its borrowing programme in line with the roadmap that the three institutions established in December, the introduction of new own resources.

SOUNDBITE (English), Johannes HAHN, European Commissioner for Budget and Administration, The second leg of the road map would ensure that the union budget has the means necessary to cover the repayment needs until twenty fifty eight. The European Council last July identified three new only sources, of which which this chamber endorsed and were enshrined in the interinstitutional agreement of December last year.

SOUNDBITE (English), Johannes HAHN, European Commissioner for Budget and Administration, They will be based on the emissions trading system, on a carbon border adjustment mechanism, so-called sebum, and on a digital levy. The commission is preparing a proposal for amending the own resources decision plan for the adoption on the Fourth the 14th of July, together with a number of other initiatives to tackle between green and digital transition.

SOUNDBITE (English), Johannes HAHN, European Commissioner for Budget and Administration, Let me briefly update you on our preparatory work for each of the three proposals. First, the revision of the ETS directive will reflect the more ambitious commitments of the fift for 55 package, offering a good pace for a new own resource. A minority share of the tax revenue should be devoted to the Union budget for the repayment of Next Generation EU, while leaving the larger share to member states.

paragraph-5 To accelerate the decarbonisation of our economies, it is key to increase our ambitions to reduce the greenhouse gas emitting activities. The Commission is considering applying emission trading to other sectors in line with the polluter pays principle. At the same time, the fairness and political acceptability of such a measure will be taken into account.

SOUNDBITE (English), Johannes HAHN, European Commissioner for Budget and Administration, We need to avoid lower income member states and lower income households carrying a disproportionate share of the financial and social impact. Second, carbon, the adjustment mechanism is also part of the climate package to be proposed in July. It will ensure that the price of imports mirrors the pricing of emissions for domestic products under the EU ETS.

SOUNDBITE (English), Johannes HAHN, European Commissioner for Budget and Administration, Hence, the ship will address the risk of carbon leakage and support an increased global ambition to fight climate change as its revenue would be collected at EU border. It's a natural candidate for EU own resource, certainly. Finally, a levy on digital activities.

SOUNDBITE (English), Johannes HAHN, European Commissioner for Budget and Administration, We are carefully assessing the interaction of a levy on digital activities and the developments of the OECD work on Pillar one, which we support in view of reaching a global agreement imminent imminently. The successful outcome of the G7 finance ministers meetings brings us closer to an unprecedented global agreement on corporate tax reform.

SOUNDBITE (English), Johannes HAHN, European Commissioner for Budget and Administration, So we must seize the opportunity to expand this consensus to all members of the G20 and all countries involved in the OECD inclusive framework. The Commission will continue to contribute actively to this ongoing multilateral discussions. Thank you.