The Estonian Deputy Finance Minister and Chief Negotiator for the 2018 EU budget, Märt Kivine, presented the position of the Council of the European Union on the draft budget at the plenary session of the European Parliament on Tuesday, 12 September.
"The Council is bringing forward a draft budget that proposes increases compared to the 2017 budget," Märt Kivine, the Estonian Deputy Finance Minister and Chief Negotiator for the 2018 budget said.
It is proposed that both commitments and payments are to be increased compared to the 2017 budget. The draft envisages an increase of 990 million euros for commitment appropriations, or +0.63%, and an increase of 9.9 billion euros for payment appropriations, or +7.39%. In total, the Council foresees 158.9 billion euros in commitments and 144.4 billion euros in payments.
According to the Council’s position, the 2018 EU budget should focus on growth, jobs, security and handling migration, while also ensuring also enough financial leeway to respond to unforeseen needs.
The Council also approved two proposals to draw on the 2017 EU budget to provide assistance to young unemployed persons as well as to the Italian regions affected by a series of earthquakes in 2016.
If European Parliament will adopt the amendments that diverge from the Council's position by 26 October, a three-week conciliation period will begin on 31 October 2017. The aim of conciliation is to reach a joint position of both institutions on next year's budget by 20 November 2017.
The Council's position on the draft budget of the European Union for the financial year 2018 was adopted by the member states on 4 September.