Ahead of the European Council meeting on 17 and 18 October, in a communication published on 9 October, the EU Commission called on national authorities to reach a swift agreement on a fair, balanced and modern long-term EU budget for the period 2021-2027, before the end of this year.

The Commission outlined the main points that need consideration, including the overall level of funding to match the Union’s shared priorities; a right balance between policies with a strong focus on EU added value; a more transparent approach to financing the EU budget; as well as stronger tools for protecting the budget from rule of law deficiencies.

The proposed budget is already smaller compared to the current one. If the EU budget is reduced further, this would make it difficult for the Union to deliver on its priorities.

“I call on the European Parliament and our Member States to reach a swift agreement”, said the EU Commission President Jean-Claude Juncker, adding that investment in Europe-wide, world-leading research is among the priorities reflected in the Commission’s proposal for the next seven years.