The European Council adopted its position on the 2015 EU draft budget, endorsing the political agreement reached by the Permanent Representatives Committee on 15 July.
The adoption of the Council’s position follows the submission of the draft budget by the Commission. It provides a negotiation mandate to the Italian presidency and allows the European Parliament to express its own view. If at the end of October the Parliament adopts amendments to the Council’s position a three-week conciliation period will start on 28 October.
“On the basis of the agreed Council position on the draft EU budget 2015, the Italian Presidency now aims to engage with the European Parliament, in a constructive spirit, in order to adopt a sustainable EU budget in the context of the post-crisis recovery,” said the Italian State Secretary for Economic Affairs and Finance, Enrico Zanetti.
The Council’s position amounts to:
140.00 billion € in payments, limiting the increase compared to the 2014 EU budget as adopted last year to 3.3 %; this corresponds to 1.00% of the EU’s Gross National Income (GNI);
145.08 billion € in commitments, up by 1.7 % compared to 2014; this corresponds to 1.04% of the EU’s GNI
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