The European Parliament approved
\nwith overwhelming majority the EU budget for the 2021-2027 period. Parliament
\nalso approved the recovery plan to address the crisis generated by the coronavirus
\npandemic. The vote was possible after a deal was agreed at the Brussels summit
\nlast week, when EU leaders managed to convince Hungary and Poland to no longer
\nblock this financing plan worth no less than 1,800 billion euros. The two
\ncountries were opposed to linking payment of European funds to compliance with
\nthe rule of law. The conditionality mechanism allows the EU to stop funding for
\nany given member state when the European Commission deems that state to be in
\nbreach of the rule of law. The deadlock was overcome through a compromise that
\nimplies the involvement of the European Court of Justice. <\/p>\n
<\/p>\n
\n
\n
\n
<\/p>\n
The 7-year budget allows
\nthe European Union to disburse significant public funds to address the
\ncoronavirus pandemic and its consequences. Thus, EU states may embark on
\nsustainable recovery, securing and creating new jobs. The budget version approved
\nby the European Parliament provides for 15 billion euros in top-ups for key EU
\nprogrammes. The EU4Health programme will thus see its funding triple and the
\nErasmus education programme will benefit from the equivalent of an additional
\nyear of financing. Through this financial package, the European Parliament aims
\nto ensure that funding for research, a key sector, will keep increasing. Moreover, 1 billion euros will be set aside to
\naddress any future needs and crises and could also be added to the EU’s flagship
\nprogrammes. <\/p>\n
<\/p>\n
\n
\n
\n
<\/p>\n
Under the new EU budget,
\nRomania is entitled to 46.3 billion euros, which will be made available at the
\nstart of the new year. Romania will also benefit from an additional 30.5
\nbillion euros for economic recovery after the coronavirus crisis. Investment will
\nfocus on the worst-hit sectors. <\/p>\n
<\/p>\n
\n
\n
\n
<\/p>\n
Concerning the recovery
\nfunds provided outside the regular budget to restart the economy, the European
\nParliament will make sure they are used in a transparent way. Together with the
\nEuropean Council, Parliament will check any deviation from previously agreed
\nplans. (CM)<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
The European Parliament has approved the European Unions budget for the next seven years.<\/p>\n","protected":false},"author":46,"featured_media":87483,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[37738],"tags":[29547,29120,35476],"coauthors":[],"class_list":["post-87482","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-today-in-the-news","tag-budget","tag-eu","tag-recovery"],"acf":[],"yoast_head":"\n