| Author (Corporate) | European Commission |
|---|---|
| Series Title | COM |
| Series Details | (2014) 723 final (27.11.14) |
| Publication Date | 27/11/2014 |
| Content Type | Policy-making |
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On 24 June 2014, the Commission transmitted the Draft Budget for 2015 in all the official languages. On 2 September 2014, Council completed its reading of the Draft Budget and on 22 October 2014, the European Parliament voted its reading. As the European Parliament adopted amendments to the Draft Budget which could not be accepted by the Council, a Conciliation Committee was convened. The Conciliation Committee worked over a period of twenty-one days, between 28 October and 17 November 2014. Although significant progress was made during the discussions, including as regards the acceptance of the need to mobilise the Contingency Margin for payment appropriations in 2014, it was not possible to reconcile the positions of the European Parliament and Council within the time period allowed, in particular with regard to the level of payment appropriations to meet outstanding payment needs for 2014. This prevented reaching an agreement on the 2015 budget, as well as on Draft Amending Budget No 2/2014, No 3/2014, No 4/2014, No 5/2014 and No 7/2014 as all these were considered as a package by the European Parliament and Council. In the absence of agreement in the Conciliation Committee, the Commission now submits a new Draft Budget 2015. The Commission is seeking to reconcile the positions of the two arms of the Budgetary Authority in this proposal for a new Draft Budget, without recourse to a further period of Conciliation. The consequences of non-agreement on the budget would be the recourse to provisional twelfths in 2015, with detrimental effects on the implementation of key policies and programmes and would send a damaging message to the citizens of Europe at a time of economic uncertainty. With this imperative of reaching a timely adoption of the 2015 budget, the Commission proposal for a new Draft Budget for 2015 builds on the progress made on budget 2015 in the Conciliation Committee, which to a large extent restored the Commission’s original Draft Budget, as amended by Amending Letter No 1/2015, in particular for commitments, though with a lower level for payments. This proposal also takes into account recent discussions and proposals to maximise the contribution of the EU budget to economic growth. In this regard, the proposal for a new Draft Budget is focused on supporting in particular those policies in favour of competitiveness and economic convergence, thus contributing to growth and jobs, as well as those budget lines which allow Europe to address crises especially in its neighbourhood. It also reflects the 10 priority policy areas set out in the political guidelines for the new Commission, such as boosting jobs, growth and investment, connecting the digital single market, increasing the resilience of the energy supply while fighting against global warming, securing Europe's borders and having a stronger Europe when it comes to foreign policy. |
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| Source Link | http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=COM:2014:723:FIN |
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| Subject Categories | Economic and Financial Affairs |
| Countries / Regions | Europe |
