The new 2021-2027 budget presented by the European CommissionMay 3, 2018
Hat: The new 2021-2027 budget presented by the European Commission
Funding Scheme: 2018-05-03
Pgm2014 2020: Yes
The European Commission has presented the new 2021-2027 budget, considering that it is a modern budget for a Union that protects, empowers and defends.
The Commission’s proposal aligns the EU budget with the EU’s political priorities, as set out in the positive programme defined by President Jean-Claude Juncker in his State of the Union address on 14 September 2016.
In total, the Commission proposes a long-term budget of €1 135 billion in commitments (at 2018 prices) for the period 2021-2027, corresponding to 1.1% of EU-27 Gross National Income (GNI).
The Commission proposes to increase funding in a number of key areas: digital networks, youth, migration management, security, research and innovation.
The Common Agricultural Policy (CAP) and Cohesion Policy will continue to occupy the top two places in terms of expenditure in the coming years. Between them, the CAP and regional cohesion should thus represent around 58% of the overall EU budget (against more than 70% at present). The funds dedicated to the CAP are nevertheless announced down by 5% and those devoted to cohesion by 6%.
Url description: Commission Européenne