Agreement on EU Budget 2021-27 delayed
On 20 and 21 February, EU heads of state or government met in Brussels to discuss the EU’s long-term budget for 2021-2027. Following intense negotiations it became evident that it was not possible to reach an agreement and more time was needed.
„We have worked very hard to try to reconcile the different concerns, the different interests, the different opinions on the table. But we need more time. It means that we will see in the future how it is possible to work on this topic in order to succeed, in order to get an agreement in the Council, to have unanimity in the Council“ European Council President Charles Michel said in a press statement after the meeting.
Some of the main issues at stake in the discussions are at an overall level, volumes of the main policy areas, financing, including revenues (own resources) and corrections and conditionalities and incentives. European Commission President von der Leyen warns of potential delays for Erasmus, Horizon Europe, regional development or border protection. „We all face the same challenges of digitalisation and climate change, but also of the consequences of the withdrawal of the United Kingdom that Europe will have to deal with in the next year to a full extent” Ursula von der Leyen said.
President Charles Michel will consult EU leaders on how to take things forward.