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EU budget: Making the EU fit for its role as strong global actor

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Friday, 15 June 2018

EU budget: Making the EU fit for its role as strong global actor

For the next long-term EU budget 2021-2027, the European Commission is proposing to increase the external action budget to €123 billion, to significantly simplify its structure, and make it much more flexible and effective to address today's global challenges. The external action budget will be the EU's main tool to support its partner countries in their political and economic transformations towards sustainable development, stability, consolidation of democracy, socio-economic development and the eradication of poverty. It will also allow the EU to continue to provide humanitarian assistance all over the world. As regards the EU's neighbourhood, this will also be the tool to help the neighbourhood countries in their economic approximation to the EU's Single Market. High Representative/Vice-President, Federica Mogherini, said: "We propose a budget for the external action of the European Union of €123 billion for the next seven years: an increase of 30% that is an unprecedented investment in our global role. More resources for more action as a reliable, predictable, cooperative global player - exactly what our citizens and our partners expect in these troubled times. It is recognition of the added value of the EU work on foreign policy. Together we can have an impact that no Member State alone can have in today's world."

Source: European Commission