The EC will propose changes to the draft budget to combat the crisis

The EC will propose changes to the draft budget to combat the crisis

The European Commission intends to propose changes to the draft long-term EU budget for 2021-2027 years to effectively combat the economic consequences of coronavirus. This is stated in a statement released by the President of the EC Ursula von der Leyen.
“To ensure recovery, the Commission will propose amendments to the draft long-term budget (MFF), which will allow coping with the effects of the crisis coronavirus”, – the document says. The EC stressed that in parallel work of the Eurogroup in the preparation of proposals for emergency measures to help eсonomy within expiring in 2020, the current long-term budget.”

The EC said, what should be the new EU budget
The statement indicates that the EC intends in particular to offer a “package of incentives that will ensure the maintenance of cohesion within the Union through solidarity and responsibility”.
“In parallel, the Commission is working on proposals for the recovery phase… as a first step, we are currently working on maximum flexibility of existing funds, in particular structural. It will provide immediate support,” said President of the European Commission.

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In February in Brussels held a special EU summit devoted to the new long-term budget of the Union for seven years, from 2021 to 2027 years. The proposed head of the European Council Charles Michel, the draft budget has not found support among European leaders and was sent to the European Commission for revision. The leaders of 27 countries can’t yet agree on the parameters of the budget, not about specific items of expenditure. According to media reports, a number of affluent countries in Western Europe do not support the idea of increasing contributions to the EU budget. While the countries of Eastern Europe oppose cuts to the neediest regions.

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