Written by Sidonia Mazur.
The European Parliament is one of the two arms of the budgetary authority of the European Union, the Council being the other. The two institutions, assisted by the European Commission, decide on the budget in the annual EU budgetary procedure, within the limits of the long-term EU budget (the multiannual financial framework (MFF)). The annual EU budget funds EU policies and programmes following the Union’s political priorities and legal obligations. The financial year starts on 1 January and ends on 31 December. The European Parliament amends the Council position on the draft budget proposed by the European Commission through the work of its Committee on Budgets (BUDG) and the specialised parliamentary committees.
During the October II plenary session, the Parliament is due to vote on amendments to the Council’s position on the draft EU budget for 2022. The 2022 budget is the second under the 2021‑2027 MFF. It is also the second year of the EU Recovery Instrument – Next Generation EU (NGEU) – planned to run for the years 2021 to 2023. The BUDG committee report reverses all the reductions to the Commission’s budget that were proposed by the Council. Furthermore, it proposes a considerable increase in 2022 budget contributions to Parliament’s priorities, in particular the recovery from the Covid‑19 crisis. The BUDG report sets the 2022 EU budget at €171.8 billion in commitments. For payments, it proposes almost €172.47 billion.
The report confirms the Parliament’s priorities with the overarching objective being support to Covid-19 recovery. The top priorities are: investment with a particular focus on SMEs, the green and digital transitions, giving fresh opportunities to young people and providing protection to children, and a strong European Health Union (including the COVAX programme). Finally yet importantly, the report underlines the priorities in the fields of security, migration, asylum and integration, fundamental rights and Union values. The committee restores appropriations to the level of the draft budget on all Commission lines subsequently cut by the Council.
The next step in the procedure will be the convening of the Conciliation Committee, bringing together Parliament and Council delegations. The 21‑day conciliation period will last until 15 November, with the first meeting scheduled for 28 October.
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