Budgets MEPs back budget flexibility for MFF
The European Parliament's Budgets Committee met on Monday, 27 March 2017, to discuss the remaining duration of the 2014-2020 Multiannual Financial Framework (MFF). The MEPs backed plans to make the seven-year EU budget more flexible in order to help tackling urgent challenges such as the migration crisis, strengthening security, boosting growth and creating jobs. The Budgets Committee's draft recommendation to approve the proposal for the MFF mid-term revision was approved by 21 votes to 3, with 2 abstentions. The proposal will allow more funds to be shifted more easily between budget chapters and years.
Out of the resulting top-ups, amounting to € 6,009 million (15% redeployments, 85% unallocated resources), € 2.1 billion are intended for jobs and growth. Although the bulk of this amount will go to the Youth Employment Initiative with €1.2bn for 2017-2020, some of the remaining funds will be reserved for research programmes, as well as transport infrastructure, SME support and Erasmus+.
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