Budget, EU – Baltic States, Financial Services

International Internet Magazine. Baltic States news & analytics Saturday, 27.04.2024, 01:45

European Parliament demands changes to draft EU budget

BC, Riga/Brussels , 23.07.2020.Print version
The European Parliament voted by a large majority on Thursday to demand changes to a draft long-term EU budget that was agreed by the 27 member states, reported LETA/BNS/AP.

The resolution warned that MEPs would not approve the hard-fought text when they vote later this year and called for negotiations to "improve the proposal."


The motion passed by 465 votes to 150.


The European Parliament has to pass a EUR 1.074 trillion EU budget, which the European Council adopted on the political level on Tuesday after four days of tough negotiations.


Representatives of political groups in the European Parliament warned already earlier that MEPs would not accept the bloc's long-term budget in its current form, voicing dissatisfaction with spending cuts.


"All too often adherence to national interests and position jeopardises the achievement of common solutions in the general interest," the resolution said.


And it warned that the EU leaders had "failed to tackle" the issue of how the borrowing to fund the emergency virus recovery plan would be repaid from the budget.


It deplores cuts to EU health and research programs, as well as support to education and digital innovation.






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