EU 2020 Budget talks suspended; set to continue today

Last Friday, the European Parliament and Council suspended talks about the EU budget for 2020 without an agreement. The discussions are set to continue today, the last day of the conciliation period.

Chairperson of the Committee on Budgets Jan Van Overtveldt stated that “we made progress in the talks today. Unfortunately, this has not yet been sufficient to find an agreement on the Union budget for 2020, the last year of the current Multiannual Financial Framework.” 

In a statement, the EU Parliament stated that as it stands, more than €4 billion would remain unused in 2020.  

Monika Hohlmeier, the lead rapporteur added that “we will continue to engage with the Council to find positive solutions on our priorities; climate, digitalisation and youth.”

What happens next?

Should the Conciliation Committee fail to find an agreement on a joint text within a 21-day-period, which ends on Monday 18th November, a new draft budget must be submitted by the Commission. 

If the Conciliation Committee does agree on a joint text within the deadline, then Parliament and the Council have 14 days from the date of that agreement in which to approve the joint text.