The European Commission on Wednesday proposed an EU budget of 166.7 billion euro for 2021; plus nearly some 344 billion in grants and favourable loans under the so-called Next Generation EU, the temporary coronavirus recovery plan aimed at kick-starting the European economy.
Once adopted, this will be the first budget under the new 2021-2027 multiannual financial framework and the first annual budget proposed by President von der Leyen's Commission.
Johannes Hahn, EU Commissioner for Budget and Administration, said the proposal mobilised unprecedented financial support in an effort to help people, companies and regions overcome the current crisis. He said the long-term budget and Next Generation EU would send a signal of confidence throughout Europe.
The draft budget 2021, boosted by Next Generation EU, will go towards the most crucial recovery needs of the EU Member States and their global partners. Emphasis will be placed on green and digital transitions, creating jobs and strengthening Europe's role in the world.
The Commission is hoping the European Parliament and Council agree on the MFF 2021-2027, in order for the draft budget to be adopted swiftly. The idea is for hundreds of thousands of entrepreneurs, researchers, farmers, and municipalities across Europe to start benefiting from the funds, thus investing in a better future for next generations.
Source: European Commission
- Voters hand HDZ a major victory and a massive blow to SDP
- Croatia reports record number of new Covid-19 infections
- SDP's Bernardić steps down after election disaster
- Fifty-seven new COVID-19 infections
- Beroš: Croatia still among EU leaders in containing COVID-19
- Plenković says he has 76 signatures required to form a new government