Recovery Package and revised MFF: Exchange of views (Sept. 21)

18-09-2020 - 21:22

EU map and Euro sign on the EU flag — Recovery Package and revised MFF © EP Adobe Image bank

The COVID-19 pandemic severely affects citizens, societies and economies worldwide, including agriculture. A comprehensive plan for European recovery will need massive public and private investment in repairing the immediate damage wrought by the Coronavirus. The Commission has therefore proposed to harness the full power of the EU budget to mobilise investment and frontload financial support.

EUR 8.07 billions (current prices) are proposed under the NextGeneration EU (NGE) to help the agricultural sector and rural areas. These amounts will be made available as soon as possible and upon decision by the Parliament and the Council.