Hungarian oppositionwith his prime minister Viktor Orban was on the verge of derailment at the beginning Mid-term review of the European budget until 2027By including I 50 billion aid package to Ukraine. The deal has been extremely unblocked, and European Parliament and Council negotiators this week agreed on Kiev aid and a budget framework that will not only cover needs but also have an additional 64.5 billion euros over the next four years. Ukraine’s but Migration policy, defense and Europe’s competitiveness.
The multi-annual budget framework covering the period 2021-2027 determines the annual expenditure limits of the budget. European Union. Successive crises in recent years have exhausted the room for maneuver offered by the budget and forced governments to engage in a review exercise they have never done before, given the difficulties budget negotiations often cause.
Given the lack of resources, the European Commission last year proposed extending the budget from 2024 to 2027. A deal was not possible in December, but after defeating Orbán, who accused the EU of putting him in a difficult position – – Yes They achieved this a week ago at the summit on February 1. This morning, following an initial agreement on aid to Ukraine on Tuesday, negotiators from the Council and the European Parliament managed to seal an interim agreement on the review that will allow the EU to provide itself with around 65 billion additional dollars. “We got 80% of what we wanted,” Commission President Ursula von der Leyen assured the European Parliament on Tuesday, confirming that aid would start arriving in March.
Foreign policy
The review envisages a package of 50 billion for Ukraine, including 33 billion in loans and 17 billion in subsidies. In addition, the agreement includes the allocation of 2,000 million additional resources to immigrants. border management3.1 billion to support the priorities of neighboring countries and another 4.5 billion for other countries foreign policy.
The budget increase, which must be approved in the final vote in the Council and the European Parliament plenary at the end of February, will also aim to alleviate the gap in society’s coffers for facing new crises and budget planning. Flexibility with a 3,500 million game. Another $1.5 billion will be added to this for Strategic Technologies Platform (STEP) and Defense Fund investments. Finally, the revision introduces a mechanism to address the increase in costs associated with interest payments of the Next Generation EU program.