| Author (Corporate) | European Commission: DG Communication |
|---|---|
| Series Title | Press Release |
| Series Details | IP/15/5046 (27.05.15) |
| Publication Date | 27/05/2015 |
| Content Type | News |
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On 27 May 2015, the European Commission proposed a 2016 EU budget of €143.5 billion in payment credits. This aimed, according to the EC, at supporting the recovery of the European economy and helping improve lives in Europe and beyond. The money was planned to be invested to boost innovation, create jobs, help convergence among Member States and among regions, deal more effectively with migration and further strengthen the role of the European Union as a global player. The proposal also includes contributions to the European Fund for Strategic Investment (EFSI), which is at the heart of the Investment Plan for Europe. The draft was sent to European Parliament and immediately welcomed by its budget committee. It was down to the committee to prepare a mandate for a negotiating delegation that would discuss the draft with the Council of the European Union. Following the informal trialogue discussions, the budget negotiations were scheduled to start in the autumn 2015, following the release of the EP's opinion on the CEU's position. |
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| Source Link | Link to Main Source http://europa.eu/rapid/press-release_IP-15-5046_en.htm |
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| Subject Categories | Economic and Financial Affairs |
| Countries / Regions | Europe |
