EU institutions agree on 2017 EU Budget

The institutions of the European Union reached a provisional agreement on 17 November 2016 regarding the EU budget for 2017.

The 2017 EU budget was set at €157.9 billion in commitments and €134.5 billion in payment credits.

The initial proposal was released by the European Commission in June 2016. The Council of the European Union agreed on its position in September 2016, while the European Parliament's plenary approved its standing in late October 2016. Each institution highlighted different priorities, leading to intense negotiations before the agreement. Each of them still needed to formally endorse the draft proposal.

Council of the European Union: Press Release, 17.11.16: Deal reached on 2017 EU budget http://www.consilium.europa.eu/en/press/press-releases/2016/11/16-budget-2017/

European Parliament: Press Release, 17.11.16: EU Budget deal: EP achieves best support for youth and growth initiatives http://www.europarl.europa.eu/news/en/news-room/20161114IPR51031/

EurActiv, 17.11.16: Slovak presidency brokers the EU’s 2017 budget http://www.euractiv.com/section/euro-finance/news/slovak-presidency-brokers-the-eus-2017-budget/

EUObserver, 17.11.16: EU reinforces 2017 budget on migration and jobs https://euobserver.com/institutional/135937

Deutsche Welle, 17.11.16: EU parliament, governments strike budget deal http://dw.com/p/2Sog4

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