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Source: European Parliament

In a resolution adopted on Thursday, MEPs warn of a “clear risk” that the 2021-2027 EU investment plan will not be successfully agreed in time with Council.

In the text, adopted by 426 votes against 163, and 67 abstentions, MEPs

  • adjust Parliament’s position to step up climate protection, stressing the “urgent need for another quantum leap in political and financial efforts” to achieve the Paris agreements’ objectives;
  • urge the Commission to table a contingency plan, as they see a “clear risk” that the complex negotiations to be held between Parliament and Council will not be finalised successfully by the end of 2020. Delays could result in funding for the EU programmes in 2021 being disrupted, negatively impacting citizens and business.

Council still has not taken a political decision on the matter.

Background

The Commission tabled the legislative proposals for the next MFF in spring 2018. Parliament adopted its position in November 2018 and has thus been ready to negotiate with the Council for almost a year.

The MFF (multiannual financial framework) is the EU’s long-term budget, usually covering a seven-year-period. The current MFF, covering the period 2014-2020, was adopted on 2 December 2013.

About 93% of the EU budget funds real activities on the ground in EU countries and beyond. It goes to citizens, regions, cities, farmers, researchers, students, NGOs and businesses.

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