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Monday 22.01.2018 | Name days: Austris

EU 2017 budget to provide the most support to youth and growth initiatives

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUIn the next year’s budget, members of the European Parliament have secured larger support to unemployed youngsters and Erasmus+, as well as initiatives for support of small and medium-sized businesses, transport infrastructure projects and research. Commitment appropriations for 2017 total EUR 157.8578 billion, and payment appropriations EUR 134.49 billion.

Members of member states accepted the agreement of the European Parliament and the EU Council on 28 November. Now it was accepted by the European Parliament with 438 votes in favour, 194 votes against and seven votes abstaining.

«We have reached our aims. The 2017 budget clearly focuses on our priorities of boosting growth, creating jobs – especially for youngsters – and tackling the migration crisis. The additional 500 million Euro we obtained for the Youth Employment Initiative is a clear signal for the EU to act. We have also done our utmost to deal with the root causes of migration,» – said lead rapporteur Jens Geier (S&D, DE).

«It is deeply regrettable that the Commission ignored Parliament’s reading and failed to add the point about putting in reserve part of the remunerations for former Commissioners, and releasing it on condition that the Code of Conduct be made stricter. This was approved by Parliament with a large majority and aimed to improve the behaviour of Commissioners and subsequently the public image of the institutions as a whole,» – said rapporteur Indrek Tarand (Greens/EFA, EE).

«The proposal that President Juncker recently sent to President Schulz on improving the Code of Conduct by prolonging the cooling-off period to two years is a step in the right direction, but does not go far enough since the former Commissioners receive their transitional allowance for a full three years,» – he added.

In addition, the EP has increased the funding for European Commission’s youth employment initiative by EUR 500 million. An additional amount of EUR 200 million will be allocated for growth and jobs. This includes programmes like COSME, European Infrastructure Connecting Instrument, Horizon 2020 and Erasmus+.

MEPs also secured a reinforcement package of EUR 728 million for mainly migration-related funds, including EUR 28 million more for UNRWA (support to Palestine refugees, total of EUR 310 million) and EUR 3million more to support peace talks in Cyprus (total EUR34.8 million).

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