All the voices with the “plus” sign

Where (and how much) the Commission has increased the EU budget. Spending on the Eurasian "neighborhood"
All the voices with the “plus” sign
03 May 11:26 2018 Print This Article

The future of the EU can also be read through planned expenses. As in every budget, some items have achieved reductions (the most significant of which is certainly the reduction of 5% of the budget allocated to the CAP) others instead have undergone a sharp increase. The sectors in which the “+” “is a common denominator” are research, innovation, youth and the digital economy. The increase for investments in digital transformation is 9 times higher than budgeted in the current year.

Investments in networks grew by € 12 billion (accompanied by further investments supported by the InvestEU Fund through loans, guarantees and other financial instruments). Doubled the program for young people (such as Erasmus + with € 30 billion and the European solidarity body with € 1.3 billion), including € 700 million to fund Interrail youth tickets. Expenditure for the management of external borders, migration and asylum has increased by up to € 33 billion compared to the current € 13. The new budget allows the funding of 10,000 border guards by 2027 within the framework of the European Border and Coast Guard Agency.

Research and innovation increased by 50%, with € 100 billion reserved for the Horizon Europe and Euratom flagship programs. As for the security item, the increase was slightly lower than that of the research: + 40%. The item, however, includes very heterogeneous chapters, including military mobility that has been financed for 6.5 billion. The direct investments in security will be supported with € 4.8 billion while € 13 billion will go to the establishment of a Common Defense Fund (from the unspecified tasks).

The budget also includes a strengthening of 26% of financing for external actions of up to € 120 billion. It is the expenditure chapter that most concerns the possible European policy towards Eurasia, being destined to neighborhood countries. Inside it is the provision of a specific reserve (not pre-allocated) to face the emerging challenges, in particular in terms of stability and migration.
With a view to integrating the programs financed by the EU defense budget, there is also the establishment of a European instrument for peace outside the budget, with a budget of € 10.5 billion, to strengthen the possible joint actions in non-EU countries.

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Nicole Volpe
Nicole Volpe

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