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EU Council agrees its position on EU budget for 2019

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Thursday, 12 July 2018

EU Council agrees its position on EU budget for 2019

On 11 July 2018, EU ambassadors agreed the Council's position on the 2019 EU draft budget in advance of negotiations with the European Parliament. In total, the Council foresees €164.1 billion in commitments and €148.2 billion in payments for next year’s budget. Compared to 2018, this is a +2.09% increase in commitments and +2.34% increase in payments. Hartwig Löger, Austrian Federal Minister for Finance declared ''The Council has continued to pursue a balanced approach to the annual budgetary process. We will make sure that financial resources are focused on our current priorities such as economic growth, migration and security, and the best performing programmes. Where justified by our analysis, some of the figures proposed by the Commission have been reviewed. Member states have also ensured that there will be sufficient margin in the budget to react to unexpected needs. I am pleased that the strong backing for the Council’s position gives the presidency a solid basis for its negotiations with the European Parliament.'' In line with its approach in previous years, the Council wants to see increased support for key EU programmes in the areas of research and innovation, youth exchanges and targeted infrastructure investments. Horizon 2020 would receive +5.79% (€11.9 billion), Erasmus+ programme +10.37% (€2.6 billion) and the Connecting Europe Facility +26.46% (€3.5 billion) compared to 2018. The LIFE programme would also receive an additional 5.20% of funding, or €550 million, to support environment and climate action.

Source: European Council