This The European Commission will propose a review of the European Union’s long-term budget in July to provide more “flexibility”.so as to facilitate the transfer of resources between programs. can deal with priorities that were “unforeseen” five years agowhen negotiated, such as the impact of the pandemic or the consequences of the war in Ukraine.
Budget Commissioner Johannes Hahn, in a meeting with a group of media, including EFE, emphasized that there is a Multi-Annual Financial Framework (MFP) for the period 2021-2027. in a “complex” situation for various reasons“99.05%” of the budget is “pre-allocated” to certain items, including high inflation and little room for maneuver to allocate funds to unforeseen expenditures.
“The flexibility is very limited. It’s always a lot of effort, a little bit of political stress, change or reallocate money because you need to get it from somewhere to use it elsewhere“, the Austrian commissioner explained.
As a result, Hahn pointed out that the Community Manager will submit a proposal to review the EU budget this July, one year before the scheduled date for updating the European accounts.in order to “regain some flexibility”For some capitals that have always been “reluctant” to the idea, according to the Commissioner, it’s something he now sees as more obvious.
However, the head of the European Commission’s Budget suggested that the review was as follows: will be limited to gaining this “resilience” and an increase in the MFF spending ceiling would not greatly increase the community budget as it would require a time-consuming approval process in each Member State.
“Something done not in days, but in one to two years. (…) It wouldn’t make much sense”Hahn argued.
The other “big challenge” for the Community budget, he said, is to guarantee the repayment of the debt that Brussels has taken out to finance the bailout fund, as well as the macro-financial assistance program for Ukraine and related interest. When who rises to the heat of ECB rate hikes
In this regard, Hahn assured that “things are very advanced” regarding two new sources of revenue for the community budget: the emissions trading system and the carbon limit adjustment fee (CBAM), which has already been approved by Member States, and the European Parliament.
However, he added: “It will be necessary to launch other offers in September” shifted the possibility of imposing a rate on food or electricity wastage, a measure that could have “a huge environmental impact,” along with and between other possible sources of income.
However, he later emphasized your department is still working on this at a “technical level” Together with the team of Economic Commissioner Paolo Gentiloni, on the basis of a “broad list of options” to “prioritize” which would be most appropriate.