Boosting funds for transport infrastructure, Digital Europe, climate action
First annual budget of new seven-year financial framework
MEPs have fought for and obtained better support for key EU programmes creating jobs, tackling the fallout from the COVID-19 pandemic and boosting climate action.
On Friday, the negotiators from the European Parliament and the Council reached a common understanding on the 2021 EU Budget.
The preliminary figures are €164.3 billion in commitment appropriations and €166.1 billion in payment appropriations. Detailed figures will be available later.
For a more competitive Europe, creating jobs and investing in the EU’s future
MEPs succeeded in reinforcing, on top of the Commission’s original budget proposal, programmes they considered key to boosting growth and jobs, reflecting widely agreed European Union priorities, namely Digital Europe (+25.7 million) and the Connecting Europe Facility (CEF) for transport infrastructure (+€60.3 million).
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By Neil Hodge2020-12-10T21:13:00+00:00
If European compliance officers think 2020 was bad, wait until they get a load of 2021.
Many of the problems the profession faced in 2020 will remain in place going into the new year such as remote working and the associated compliance risks around fraud, cyber-security, data protection, and the lack of consolidated oversight but new risks will also present new challenges, Brexit being one of them. Irrespective of whether the European Union and the United Kingdom can agree to a trade deal, legislative and regulatory changes are likely to appear across a range of industry sectors as a result of the U.K.’s decision to leave the single market.