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23 Oct 2014

EU budget due to go to conciliation after EP vote

At its plenary session in Strasbourg on 22 October 2014, the European Parliament called upon EU member states to back their political pledges with money to revive growth, create jobs, encourage research and development, and enable the EU carry out its foreign policy. MEPs reversed the Council's proposed cuts in the draft EU budget for 2015 and requested extra funding to boost economic growth and job creation, as already recommended by the EP's Budgets Committee, stating that an agreement on additional funds for 2014 was a prerequisite for Parliament to agree on next year's budget with the Council.

The EP voted in favour of increasing the draft budget presented by the European Commission by €4 billion in commitments and €750 million in payments. In addition to budget increases in other areas, small and medium-sized enterprises (SMEs), research programmes and education, including the student exchange programme Erasmus+, should receive €190.5 million more, MEPs said.

Parliament also voted for a € 4 billion payments top-up for 2015, to halt the growth of the payment gap gaining volume since 2010 to €25 billion at the end of 2014.

On 28 October 2014, three weeks of “conciliation” talks between Parliament and the Council will start, with the aim reaching an agreement by 17 November 2014. Next year's budget is then set to be voted by Parliament on 26 November 2014.

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