An agreement has been reached on the EU budget for 2015, and certain amendments to the 2014 budget, including a substantial reinforcement of the level of payments in the 2014 budget. Representatives of the European Parliament and the Council of the European Union concluded talks, coming to a deal after the European Commission had put forward a new draft budget proposal for 2015 on 28 November 2014. The budget deal strikes the right balance between budget discipline on the one hand and promoting growth oriented expenditure on the other hand.
The EU 2015 budget includes EUR 145.321 billion in commitments and EUR 141.214 billion in payments.
“This agreement paves the way for a sound 2015 budget, supporting investment in competitiveness, growth and jobs. We can also pay outstanding bills with the 2014 budget using windfall income from fines, at no additional financial burden to national treasuries. I trust that the European Parliament and the EU Member States will approve the deal quickly, so we can get down to work,” Vice-President of the European Commission Kristalina Georgieva said.