EC proposes amendments to the 2014 draft budget
The changes mainly reflect the political agreement reached on the Multiannual Financial Framework (MFF) 2014-2020 between the leaders of the European Parliament, Council and Commission on 27-28 June.
Reflecting the need to urgently tackle youth unemployment and strengthen research, the funding possibilities in 2014 will be increased by EUR 130 million for Erasmus+ (EU’s new programme for education, training and youth), by EUR 30 million for COSME (a new programme promoting entrepreneurship, in particular for small and medium enterprises) and by EUR 200 million for Horizon 2020 (the new programme for research and innovation). The Commission also proposed to grant additional EUR 200 million to Cyprus (of which EUR 100 million in 2014).
The European Commission’s proposal is called “Amending Letter 1” to the draft 2014 Budget. The Commission may present such amending letters to modify its proposal for the annual budget before the budget for the coming year is adopted, and before the start of the Conciliation, on the basis of new information which was not available at the time that the draft budget was drawn up. This first letter of amendment to the 2014 draft budget will be submitted to the Council and the European Parliament and will be included in the budgetary procedure.
Amending letter 1 to the draft 2014 budget:
Website of Commissioner Lewandowski: