European Commission sets out options for EU budget after 2020
At their meeting on 23 February, the European Union's Leaders will discuss about how to ensure that the priorities they have set for the Union - on 16 September 2016 in Bratislava and on 25 March 2017 in the Rome Declaration - can be adequately funded and thus turned into reality. Both elements – defining common priorities and equipping the Union to implement them – are inseparable.
Today's contribution from the Commission seeks to quantify the financial impact of various possible policy choices. Their purpose is to stimulate discussion and to provide a sound factual basis for making the important choices that lie ahead. For example, if Leaders agree to honour the frequently made pledge to improve the protection of the EU's external borders, this would cost €20 to 25 bn over seven years, and up to €150 billion for a full EU border management system. Indeed, each political priority - the European Defence Union, supporting the mobility of young people, powering Europe's digital transformation, boosting research and innovation, or underpinning a genuine Economic and Monetary Union – will need to be properly funded to become a reality.
The European Commission will table its formal proposal for the next long-term EU budget in the coming months, at the latest in early May 2018. In the meantime, the Commission will continue listening to all stakeholders, including via the public consultations on the priorities of the EU that were launched in January 2018.