Budget 2018 bets on growth
28 October, 2017
The EU 2018 budget was last Wednesday set by Parliament at €162.6bn for commitments and €146.7bn for payments. This is up 1.2% and 0.9%, respectively, on the Commission's draft budget, the EP press service reported. With a resolution, Parliament reversed all cuts proposed by the Council.
Thus MEPs reaffirmed their commitment “to finance Union policies that enhance jobs and growth in all its regions through investments in research, education, infrastructure, SMEs and employment, in particular among young people.” “We want to achieve our priorities of growth and jobs, and on the security of citizens by investing in research and innovation, infrastructure, SMEs, the Erasmus programme. We also want to strengthen measures on combating youth unemployment, and stand by the side of young farmers,” lead rapporteur Siegfried Muresan (EPP, RO) said.
MEPs voted to increase the Youth Employment Initiative by €366m to help youngsters desperately seeking a job. They also rejected the Council’s “unjustified €750m cuts” in the “growth and jobs” area, warning that such cuts “would jeopardise programmes with real European added value.”