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The long-running discussions on a new EU economic governance framework and a recent German court ruling have fuelled the debate on economic governance. This briefing explores the economic concepts that underlie the fiscal framework. The current EU fiscal framework relies on an economic model that assesses the cyclical condition of each country's economy. To pinpoint an economy's position in the business cycle at any given time, a 'potential output' model is used to estimate the highest level of production ...

NDICI-Global Europe: Implementation

Εν συντομία 11-12-2023

With a budget of almost €79.5 billion in 2021 prices, the Global Europe Instrument is the EU's main financing instrument for external action for 2021 to 2027. The European Commission adopted most of the programming documents under the instrument in December 2021, setting out the priorities and budget allocations for EU cooperation with its partner countries and regions. After two years of operations and before the instrument's mid-term evaluation, the Parliament is set to vote in December on a report ...

Executive Vice-President Dombrovskis and Commissioner Gentiloni are invited to the 13th Recovery and Resilience Dialogue (RRD) under the Recovery and Resilience Facility (RRF) Regulation. The previous RRD took place on 2 October. This briefing describes the state of play of the implementation of the RRF, and then focusses on an analysis of those modified RRPs that contain a REPowerEU chapter and were already approved by the Council, detailing on some information presented therein and commenting ...

The full study presents recommendations, drawing on several scenarios, for how the EU budget could be recast to enable it to be more agile and responsive in dealing with new and future challenges requiring EU-level expenditure or lending.

Amid troubling reports of organised crime incidents across the European Union (EU), Members of the European Parliament (EP) will have the opportunity to question the European Commission regarding the measures and tools in place and planned to address this issue at 'question time' during the October II plenary session.

Parliament's reading of the 2024 EU budget

Εν συντομία 11-10-2023

During the October II plenary session, Parliament is expected to decide its position on amendments to the Council's position on the draft EU budget for 2024. The Committee on Budgets (BUDG) has aligned its reading of the 2024 budget with its call for a revision of the 2021-2027 multiannual financial framework (MFF). BUDG reverses all the Council's proposed reductions to the Commission's draft and proposes a considerable increase in commitments in the 2024 budget for Parliament's priorities: addressing ...

The original full study reviews transparency rules, guidance, systems and practices in EU NGO grant funding, and to what extent these ensure public transparency. The study also provides an overview of NGO management and decision-making culture, and good practice approaches to NGO regulation. The study makes recommendations to improve public transparency and NGO regulation at EU level, and at the same time improve dialogue between EU institutions and NGOs.

On 20 June 2023, the Commission made a proposal for a revision of the EU's long-term budget, to urgently address shortcomings and provide further financial support to Ukraine. Overall, the Committee on Budgets (BUDG) supports the revision in its interim report, pending the formal request from the Council, which has yet to agree its position, for consent to the revision. But BUDG says that an additional €10 billion, on top of the €65.8 billion proposed by the Commission, is needed to address the challenges ...

The Commissioner-designate, Iliana Ivanova, appeared before the European Parliament on 5 September 2023 to answer questions put by MEPs from the Committees on Industry, Research and Energy (ITRE) and on Culture and Education (CULT). During the hearing, she made a number of commitments which are highlighted in this document. These commitments refer to her portfolio, as described in the mission letter sent to her by Ursula von der Leyen, President of the European Commission, including: • Education ...

This study, commissioned by the European Parliament’s Policy Department for Citizens’ Rights and Constitutional Affairs at the request of the AFCO Committee, examines the fiscal responses of the EU to the Covid-19 pandemic and the war in Ukraine. It claims that the law & policy tools developed to address these crises have led to the establishment, and consolidation, of an EU fiscal capacity – contributing to overcoming the original imbalance of the EU’s Economic & Monetary Union. Nevertheless, the ...