The EU budget for 2016 has been adopted. One day after the Council, the European Parliament confirmed the deal reached during the Conciliation earlier this month. Next year’s budget is set at EUR 155 billion in commitments and EUR 144 billion in payments.
The 2016 budget will significantly strengthen the EU response to the refugee crisis both within and outside the EU. More money will go to aid for refugees in our neighbourhood. It will also boost investment in competitiveness, jobs and growth, supporting the recovery of the European economy.
The 2016 budget includes EUR 2 billion in commitments and EUR 500 million in payments to unlock EUR 315 billion of investments for Europe with the guarantees from the European Fund for Strategic Investments (EFSI), EUR 10 billion in payments (11.6% more than in 2015) to invest in research and innovation mainly through Horizon 2020 programme.
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