EC presents revised proposal on 2019 EU budget
The European Commission (EC) presented a new proposal for the 2019 EU budget on 30 November 2018. This new proposal had been necessitated by the fact that the European Parliament (EP) and the Council failed to agree on the 2019 budget for the Union in their negotiations. The revised budget provides €165 billion in commitments, and €148 billion in payments, reflecting the discussions during the conciliation talks between the EP and the Council.
The EC says its proposal aims to bridge the respective positions of the EP and the Council. Günther H. Oettinger, European Commissioner for Budget and Human Resources, said: "It is in the interest of all Europeans that the EU institutions quickly reach a deal on a budget for 2019. I therefore urge the European Parliament and the Council to make compromises so that the EU continues to provide the much needed funding to researchers, students, businesses, farmers and the socially deprived." The proposal is based on the understanding that the United Kingdom will continue to contribute to and participate in the implementation of EU budgets until the end of 2020 as if it were a Member State.
For more detailed information about the proposal, click hereTOP