for NextGenerationEU, 90% of the funds will be channelled via the Recovery and Resilience Facility (RRF), implemented in direct management (the RRF is an instrument to offer grants and loans to support reforms and investments in EU countries with a total value of EUR 723.8 billion).other international organisations, national agencies or non-EU countries will manage 8% of the EU budget (indirect management).the European Commission and its agencies and delegations will manage around 18% of the EU budget (direct management).national authorities will manage around three quarters of the budget expenditure jointly with the European Commission (shared management).whether to approve of the way the Commission has implemented the budget) to the Commission on the basis of a recommendation from the Council. Every year, the European Parliament assesses the implementation of the previous year’s budget and decides whether or not to grant a ‘discharge’ (i.e. However, the Commission is responsible for managing the budget. The Commission, the Council and the Parliament all have a say in determining the size of the budget and how it is allocated. Together with NextGenerationEU, the budget helps EU economies to recover from the COVID-19 crisis. The EU budget finances activities that range from developing rural areas and conserving the environment to protecting external borders and promoting human rights. The long-term budget sets out the EU’s spending priorities and limits. For this reason, the EU adopts long-term spending plans, known as multiannual financial frameworks (MFFs), that run for a period of 5-7 years. The EU budget is mainly dedicated to investment.
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