The European Commission proposes a budget of EUR 168 billion next year

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The European Commission has proposed an EU budget of over 168 billion euros (one euro for about 320 forints) by 2020 to make the European economy more competitive, to create jobs, to combat climate change and to promote solidarity and security on both sides of the European Union. Günther Oettinger told EU Budget Commissioner on Wednesday.

Oettinger said, according to the proposal, 21 percent of the total budget would support the fight against climate change in 2020, in line with the current long-term budget of the European Union (EU), which sets a 20 percent share of spending on climate change.
On the basis of the published proposal, EUR 83.2 billion would contribute to economic growth, of which nearly EUR 25 billion would increase competitiveness and employment and EUR 58.6 billion to cohesion. Market and direct aids make up EUR 43.5 billion for sustainable development, about EUR 60 billion for natural resources. Security would cost € 3.7 billion from the common pot, while EU bureaucracy would benefit 10-10 billion, and common European action in areas outside the EU.
Oettinger said: € 13.2 billion of money for economic growth across Europe would target research and innovation, 6.4 percent more than today, including high-skilled developers with high growth potential at European level and globally. small businesses and scientists. EUR 2.8 billion would be spent on education under Erasmus +. The Youth Employment Initiative (IFK) would be supported by EUR 117 million in regions with high youth unemployment rates. Europe’s own global satellite navigation system, Galileo, would cost EUR 1.2 billion – 75 percent more than in 2019 – to continue its market expansion and to reach 1.2 billion users worldwide from the current 700 million users by the end of 2020.
Next year, EUR 255 million would be spent on the European Defense Industrial Development Program to encourage cooperation between European businesses in the development of defense-related products and technologies. The program will enable defense cooperation to be tested at EU level during this budget period, until the European Defense Fund starts operating in 2021.
Oettinger highlighted, with the mobilization of his various instruments, the 2020 budget would continue to invest in solidarity and security in Europe and beyond. This would cost 34.6 percent more than EUR 420.6 million to create a stand-by force of 10,000 border guards by 2027 under the European Border and Coast Guard Agency (Frontex). The so-called rescEU program, which will be used to deal with earthquakes, vegetation fires and other disasters more effectively, would amount to EUR 156.2 million.
The European Commission would provide € 560 million to support people in Syria and refugees and host communities living in the region – added the EU Commissioner.
The EU 2020 budget is the last year’s budget for the current EU Multiannual Financial Framework 2014-2020. This and the next EU long-term budget for 2021-2027 will be negotiated in parallel between the Member States and the newly elected European Parliament. The 2020 budget proposal is based on the assumption that the United Kingdom will be fully involved in budget implementation and funding as if it were a Member State, the committee said.

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