Council formally agrees on EU budget for 2019
At its meeting on 11 December 2018, the Council of the European Union endorsed the agreement reached in the trilogue negotiations with the European Parliament on the EU budget for 2019. The total commitments are set at €165.8 billion, which is an increase of 3.2% compared with the 2018 budget as amended over the past months. Payments amount to €148.2 billion, 2.4% more than in 2018. Leeway of €1.3 billion is left available under the ceilings of the multiannual financial framework to allow the EU to react to unforeseen events and needs.
Amongst others, subheading 1a (competitiveness for growth and jobs) will receive 6.1% more than in 2018. This includes an increase of 9.8% for Horizon 2020, which will receive €12.3 in 2019. The 2019 EU budget also reinforces environmental and climate action, with €558 million made available under the LIFE programme, 6.7% more than in 2018.
This budget is based on the premise that the UK will continue to contribute to and participate in the implementation of EU budgets until the end of 2020 in line with the draft Withdrawal Agreement negotiated between the UK and the EU.
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