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EU Budget 2014-2020 
"Through smart reallocation of the budget we have created room to finance new priorities and we have modernised virtually all our policies", explains Janusz Lewandowski, Commissioner for financing programming and budget.

On 29 June 2011, the EU Commission released its proposal for the next EU budget for 2014-2020.

Representing 1% of the 27 EU countries’ total GDP, the EU budget covers many key areas, such as funding programmes that directly benefit both individuals and organisations across the EU.

To ensure that the budget is always balanced and that taxpayers get more for the same amount of money they spend, the EU Commission proposes the following changes and priorities:

  • Connecting Europe
    A new fund is being proposed: Connecting Europe Facility will fund cross-border projects in energy, transport and information technology to bring more interconnectivity across Europe
  • Boosting Research And Education
    Investment in research and innovation will be significantly increased to boost Europe's global competitiveness and help create the jobs and ideas of tomorrow

    The Commission also proposes to strengthen programmes for education and vocational training by integrating the various programmes for education, training and youth, with a clear focus on developing skills and mobility
  • A Greener, More Modern Agriculture
    Safe and healthy food will be at the heart of the changes to the Common Agricultural Policy, Europe's agriculture funding. 30% of direct payments to farmers will depend on farmers making the sector environmentally friendly
  • A Fairer And More Transparent Budget
    Taxpayers need to be able to see how their money is being spent. The EU Commission proposes changes to the way the budget is financed with new revenue streams being created to partially replace contributions based on the gross national income of each Member State

For more information, please visit: http://ec.europa.eu/budget/biblio/documents/fin_fwk1420/fin_fwk1420_en.cfm