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Wednesday18 October 2017

EU Draft Budget: Investing in growth and jobs

 

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Brussels, 25 April 2012 - The EU's draft budget for 2013, presented today by the Commission, reflects the European Council's statements that growth and employment in the EU can only be achieved by combining fiscal consolidation and investment into future growth.

The EU budget usefully complements national efforts in this regard by concentrating investment on the priority areas defined in the EU's growth strategy Europe 2020, while at the same time taking into account the difficult economic context and pressure on national budgets. The draft budget 2013 freezes future expenditure: the increase of commitments (i.e. tomorrow's payments) is at the level of inflation (2%). It also freezes the Commission's administrative budget at well below inflation level, while cutting its staff by 1%, the first step towards the goal of a 5% reduction of staff in 5 years.

At the same time, it proposes a 6.8% increase in the level of payments. This contributes directly to growth and jobs in Europe. The EU budget must meet its contractual obligations of current and previous years vis-à-vis the Member States and other recipients.

€62,5 billion in payments are devoted to job friendly growth in Europe. A particular effort has been made towards the Research framework Programmes (€9,0 billion, 28,1% increase on 2012), the Competitiveness and Innovation Programme (€546,4 million, 47,8 % increase), structural and cohesion funds (€ 49 bn , 11,7 % increase), life long learning (€1,2 bn, 15,8 % increase).

'We fully agree with previous European Council conclusions calling for better use of EU funds to help Europe out of the crisis, says Budget and Financial Programming Commissioner Janusz Lewandowski. In the current circumstances, national budgets and the EU budget are more than ever two complementary sides of the same coin: as Member States face painful but necessary cuts, the EU budget focuses on investment and thus acts as an anti-crisis package. We will not restore growth by cuts only; Europe needs to invest wisely for its own future starting today. That is what the EU budget is for, that is what our draft budget for 2013 is about."

For  further information: European Commission Press Release

 

 

 

 

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