Agreement on new 2020 EU budget reached by European Parliament and Council

  • By HeloiseThibault

The budget focuses among others on growth and competitiveness and climate action, for a total commitment of €168.7 billion – an increase of 1.5% from the 2019 budget. The work programme 2014-2020 set a target of 20% to be spent on climate protection. To reflect this, the focus on climate-related actions has been reinforced, with additional funds for Horizon 2020 (+ 8.8%), Connecting Europe Facility and the LIFE programme.

The agreed figures include the UK’s full participation in the 2020 EU budget.  The budget should be endorsed by the Council on 25 November, and will be subject to a vote in Parliament on 27 November.