Following the Commission’s proposal for a mid-term revision on the EU’s long-term budget, members of the Committee on Budgets endorsed an extra €10 billion for the years 2024-2027.

Addressing pressing challenges

In light of recent external challenges, especially the Russian war against Ukraine and growing migration issues, MEPs bolstered the relevant budgetary areas by €2 billion. They have allocated an additional €3 billion towards the new “Strategic Technologies for Europe Platform” (STEP) and earmarked €5 billion to enhance the EU’s ability to respond to unforeseen crises.

As for the debt payments resulting from the Recovery plan, MEPs demand that they be positioned above the EU’s budgetary caps. This is to ensure that EU programmes benefiting citizens are not compromised, especially given the potential volatility of these costs with rising interest rates.

Critical timeline

MEPs stress that a swift adoption of the amended regulation is key, as the revised MFF…