Tuesday, October 3, 2023
 
 

Michel's budget proposal for 1.074% of EU's GNI "disappointing" says Chair of EP's Budget committee

- Advertisement -

With EU leaders expected to gather in Brussels for an emergency meeting on 20 February aiming at resolving EU’s 2021-2027 budget stalemate, debate around the bloc’s long-term budget has been heated up after Charles Michel, EU Council’s President proposed to set national contributions at 1.074% of GNI.
“The proposal on the MFF just released is disappointing,” said European Parliament’s Chair of the Budget Committee, Johan Van Overtveldt on Friday.
Lawmakers have heavily criticised Michel’s budget proposal, supporting that it “fully disregards parliament’s position and prevents the EU from achieving its objectives.”
They also cited a considerable gap between the Parliament’s request for 1.3% of EU27 GNI and Michel’s proposal, which undermines the credibility of the EU institutions’ agenda.
“I call on President Michel and the Leaders to think beyond narrow, short-term national interests, and substantially improve this proposal in the interest of Europe as a whole,” van Overtveldt added, also warning that in case EU leaders conclude on any agreement based on Michel’s budget proposal, the EP will reject it.
While the parliament has expressed its support for a quick MFF deal, it is denying to sacrifice many of the bloc’s regions – struck by an insufficient long-term budget for the Cohesion Funds and the Common Agricultural Policy (CAP).
 

- Advertisement -

Subscribe to our newsletter

Latest

Iran protesters mark anniversary of “Bloody Friday”

Residents in the southeastern Iranian province of Sistan and...

US announces Israel’s acceptance into the Visa Waiver Program

Israeli citizens will be allowed visa-free entry into the...

UN General Assembly 2023: More progress urgently needed on Sustainable Development Goals

The 78th United Nations General Assembly (UNGA) kicked off...

Don't miss

Iran protesters mark anniversary of “Bloody Friday”

Residents in the southeastern Iranian province of Sistan and...

US announces Israel’s acceptance into the Visa Waiver Program

Israeli citizens will be allowed visa-free entry into the...

UN General Assembly 2023: More progress urgently needed on Sustainable Development Goals

The 78th United Nations General Assembly (UNGA) kicked off...

Europe’s lawmakers see opportunity for regime change a year after Iran’s latest uprising

On September 21, representatives of various political groups held...

Kazakhstan’s president proposes Constitutional reforms referendum

Kazakhstan’s President Kassym-Jomart Tokayev proposed on April 29 holding a referendum in the Central Asian country on the draft amendments to the Constitution and...

High gas prices push up electricity cost in EU

High energy prices in recent months have drawn attention from the European Commission, highlighting the importance of energy security, especially in times when global...

EU Commission launches competition for next Green Capital

The European Commission called on December 15 on European cities embarking on the path to sustainability to apply for the 2024 European Green Capital...

Poland’s wind power secures EBRD financing

The European Bank for Reconstruction and Development (EBRD) said on December 16 the bank will lend PLN 175 million (€38.9 million equivalent) for the...

MEPs reach deal with Council on EU-backed energy projects

The updated rules to select which energy projects will receive EU support were informally agreed between Members of the European Parliament and the Slovenian...

New EU framework to decarbonize gas markets, promote hydrogen, cut methane emissions

The European Commission adopted on December 15 a set of legislative proposals to decarbonise the EU gas market by facilitating the uptake of renewable...

Bulgaria’s new government maintains Enlargement veto

While Bulgaria’s November 14 elections managed to break the political logjam that had paralyzed the country for most of 2021, which required three consecutive...

Biden and Putin talk, but about what?

Although it is stating the obvious, Russia has been at war with Ukraine since 2014.The recent video summit between president Biden and Putin as...