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This document compares key figures included in the 2022 Draft Budgetary Plans (DBPs), as submitted to the European Commission (EC) by the Euro Area Member States by mid of October 2021, with those of the autumn 2021 forecasts by the EC and the key figures included in the 2021 Stability Programmes (SPs), as submitted by the Euro Area Member States by end of April 2021, with the those of the 2021 spring forecasts by the EC. The EC is expected to adopt its opinions on the 2022 DBPs by end of November ...

The purpose of this document is to show the differences between some key indicators of the 2021 Stability and Convergence Programmes (SCP) of the EU Member States and the Spring 2021 economic forecast of the European Commission. In accordance with Art. 4 of Council Directive 2011/85/EU, the budgetary planning of the Member States “shall be based on the most likely macrofiscal scenario or on a more prudent scenario. (…). Significant dif¬fe¬ren¬ces between the chosen macrofiscal scenario and the (most ...

Responding to requests for a common recovery plan to complement national efforts to tackle the impact of the coronavirus pandemic, substantial new EU financial instruments have been rapidly introduced such as temporary support to mitigate unemployment risks in an emergency (SURE). The European Council meeting on 17-21 July agreed a recovery package based on a 2021-2027 Multiannual Financial Framework (MFF) of €1 074.3 billion, topped up with €750 billion in extra resources for EU programmes, financed ...

During the December part-session, Parliament is due to vote on giving consent to the Council Regulation that establishes the EU's next multiannual financial framework (MFF). Parliament consent requires a majority of its component Members (353 votes). On 14 December, its Committee on Budgets voted to recommend granting consent, following intense negotiations with the Council, which have secured additional resources for a number of flagship EU programmes together with a number of other improvements ...

Au cours de la période de session de novembre I, le Parlement européen devrait décider des amendements à la position du Conseil sur le projet de budget de l’Union européenne pour l’exercice 2021. Le Parlement prépare actuellement sa lecture dans la situation extraordinaire d’absence d’accord sur le prochain cadre financier pluriannuel (CFP) pour la période 2021-2027 et dans le contexte des lourdes conséquences de la crise du coronavirus. Le rapport de la commission des budgets annule de nombreuses ...

L’instauration en 1988 des CFP dans le système budgétaire de l’Union européenne a renforcé la prévisibilité financière et facilité l’élaboration de programmes de dépenses pluriannuels mais a dû être contrebalancée par des mesures assurant une certaine flexibilité et la capacité à réagir aux situations imprévues. Au fil des années, ces instruments et mécanismes de flexibilité ont évolué et ont prouvé leur utilité. Les occasions d’y recourir ont été fréquentes, les crises et les défis auxquels l’Union ...

Vice-president Dombrovskis and Commissioner Gentiloni have been invited to an Economic Dialogue on the European Commission Opinions on the 2020 Draft Budgetary Plans of the Euro Area Member States. The Dialogue is based on Articles 7 and 15 of EU Regulation 473/2013.

In this edition of the newsletter, Jean Arthuis and Ingeborg Grässle, Chairs of the BUDG and the CONT committees respectively, present the priorities of both committees and describe several examples of good joint efforts made in the course of the legislative term. Other issues dealt with in this edition include performance based budgeting, sustainable development, taxation, agriculture and cooperation with the Council. Forthcoming publications and events are also announced.

Existing studies of EU Performance Budgeting (mainly by the OECD) and audits by the ECA have recognised the strengths of EU Performance Budgeting (PB) but also identified a range of improvement opportunities. Building on these, and on discussions with EU institutional actors involved in EU budgetary processes, this study explores the PB practices in a selection of five EU Member states (Austria, Estonia, France, Ireland and Sweden) and makes recommendations on possible enhancements to EU PB practices ...

The reform of the EU budget and policy priorities in the post-2020 MFF comes at a difficult time for the EU with major internal and external challenges. The challenges for economic, social and territorial cohesion remain profound. However, there are also competing pressures on the EU budget, such as keeping net payers’ contributions within acceptable limits and striking the right balance between overarching EU goals and new challenges. Once again, Cohesion Policy is under pressure to justify its ...