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How the EU is spending its budget in 2016

How the EU is spending its budget in 2016

 

SUMMARY OF:

Definitive adoption (EU, Euratom) 2016/150 of the EU’s general budget for the financial year 2016

WHAT ARE THE MAIN AIMS OF THE EU BUDGET?

In order to finance projects in these and other areas, the EU budget is defined on the basis of a multiannual financial framework (MFF) covering a 7-year period. The 2016 budget is the third annual budget falling under the 2014–2020 MFF.

KEY POINTS

The 2016 budget comprises:

  • commitment appropriations * set at € 155 billion, a reduction of 4.5 % compared to 2015, leaving a margin below the MFF ceilings for 2016 of € 2.331 billion in commitment appropriations;
  • payment appropriations * set at €143.885 billion, an increase of 1.8 % compared to 2015.

Planned spending by budget heading

  • 1.

    Heading 1—Smart and inclusive growth: allocated € 69.841 billion in commitments and € 66.262 billion in payments. It is subdivided as follows.

    • 1a — Competitiveness for growth and jobs: commitments are set at € 9.01 billion for programmes such as Horizon 2020, COSME, ERASMUS+, the Connecting Europe Facility or the European Fund for Strategic Investments. Payments are set at € 17.4 billion — almost 11 % higher than in 2015.
    • 1b — Economic, social and territorial cohesion: commitments decreased by 15.8 % compared to 2015 (because the 2015 amount was increased by 2014 funds reassigned to 2015). Commitments have been set at € 50.8 billion. Payments amount to € 48.85 billion. This heading includes spending on the EU’s Structural and Investment Funds and a contribution to the Connecting Europe Facility.

FROM WHEN IS THE EU’S 2016 BUDGET IMPLEMENTED?

It is implemented between 1 January and 31 December 2016.

BACKGROUND

For more information, see:

* KEY TERMS

Commitment appropriations/commitments: a figure in a given budget year that includes money pledged to EU programmes covering several years, but not necessarily paid in that budget year.

Payment appropriations/payments: payments forecast for the period covered by the budget.

MAIN DOCUMENT

Definitive adoption (EU, Euratom) 2016/150 of the European Union’s general budget for the financial year 2016 (OJ L 48, 24.2.2016, pp. 1-2283)

Corrigendum to the definitive adoption (EU, Euratom) 2016/150 of the European Union's general budget for the financial year 2016 (OJ L 53, 1.3.2016, pp. 24–25)

last update 15.12.2016

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