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The EC launched series of public consultations on the multiannual financial framework after 2020

The European Commission (EC) launched series of public consultations on EU priorities for the next multiannual financial framework for the period 2021-2027. Brussels will propose the budget in less than five months.

In this regard, the European Commission has held a first orientation budget debate for the next programming period.

The EC recalls that at the end of June 2017 it published a reflection paper on the future of EU finances. Previously, on March 1, 2017, the Commission’s White Paper on the Future of Europe was also published, which encouraged all citizens to get involved in discussing key points.

The EU budget is expected to continue investing in growth, jobs and innovation. At the same time, the multiannual financial framework must also reflect the new challenges of the next decade – the digital revolution, globalization, climate change, migration, defense and security.

“By March 8, the citizens have to say where they think the EU has the greatest added value and where it should concentrate its investment power to maximize the impact of the investments”, says the statement of the EC.

The citizens can also provide feedback on how current EU policies and programs – such as cohesion and youth policies, support for innovation and business, and investment in strategic digital, transport and energy infrastructures – are working and could be further enhanced in terms of efficiency, simplification or possibilities for interaction between the Funds.

The results of the consultations will be used in the analyzes for the next Multiannual Financial Framework together with the options and ideas already presented by Member States, local authorities and private stakeholders.

This will also be based on the Commission’s proposal for the next budget for the period 2021-2027. The EU Budget Commissioner Gunther Oettinger promises not to submit a proposal before conducting “intensive discussions with all stakeholders”.

“The public debates that we are launching today will complement the conversations we have already started in 2017 with the European capitals. Our goal is to gather the views of as many people as possible and to have a solid basis for the preparation of the next EU programs to ensure that every euro from the EU budget provides maximum added value for Europeans”, added Gunther Oettinger.

About Orsolya Harkai

Orsolya Harkai is 24 year-old girl from Finland. She is writer and journalist in Finance Apprise Journal, who will present you latest economy and stock exchange news, mostly from Europe, Asia and North America.

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