Wednesday

12th May 2021

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EU commission to propose 2016 budget on Wednesday

The European Commission will present its proposal for the 2016 EU budget on Wednesday. EU parliament president Martin Schulz has already asked the EU to increase funding for humanitarian and development aid or face the possible blocking of the 2016 budget. The current 2015 EU budget is €145bn.

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First recovery euros could be paid out in July

Economy commissioner Paolo Gentoloni said the real challenge is whether member states can stick to their national plans and timelines. However, more than a dozen EU countries still need to ratify legislation to start the funding.

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