EU budget for 2020: Council endorses deal with Parliament
The European Council today (25 November) approved the deal reached with the European Parliament last week on the 2020 EU budget. If the agreement is also confirmed by the Parliament on Wednesday, the EU budget for 2020 is adopted.
Competitiveness
Next year’s budget will continue to support growth and the competitiveness of the European economy, as well as other EU priorities, such as security and the management of migration.
21% of the budget will go towards measures aimed at addressing climate change. This has been achieved through increases for climate-related actions in several areas such as research and development, transport and energy infrastructure, and the EU’s external action.
Total commitments are set at €168.7 billion. This is an increase of 1.5% compared to the 2019 budget as amended. €1.5 billion have been kept available under the expenditure ceilings of the multiannual financial framework for 2014-2020, allowing the EU to react to unforeseeable needs.
Total payments amount to €153.6 billion, rising 3.4% from 2019. This increase reflects the continuing implementation of the 2014-2020 programmes at full speed.
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