EU budget 2014: growth, jobs and humanitarian aid cuts reversed

EU budget 2014: growth, jobs and humanitarian aid cuts reversed

The European Parliament Budget Committee reversed the Council’s proposed cuts in investments to stimulate growth and jobs in 2014 during a long voting session on Wednesday and Thursday.

MEPs also reversed cuts in funding for international policy, such as humanitarian aid to the Middle East and refugees. Parliament’s own budget was substantially reduced.

 

The plenary vote is scheduled for 23 October. After the vote, there will be 21 days of conciliation talks with the Council. If conciliation produces an agreement, it will be put to a final plenary vote at the November session.

Meanwhile Parliament is waiting for the Council to approve amending budget 8 (€3.9 billion). This amount is needed to cover this year’s budgetary shortfall and the Council’s approval of it is a prerequisite for Parliament to give its blessing to the EU’s long-run budget for 2014-2020.