The European Commission today proposed the seventh and final budget under the current EU long-term budget for the period 2014-2020. This is the EU budget for 2020. The proposed budget amounts is 168.3 billion euro and the funds are intended to the development of competitiveness of the European economy, solidarity and security in the EU and beyond.
This budget is designed to optimize funding for existing programs, new initiatives and increase European added value in line with Juncker's Commisions priorities. This budget will continue to support EU priorities - jobs, growth, youth, the fight against climate change, security and solidarity - and prepare to move to the next budget cycle.
The priority areas to be funded according to the Commission's proposal from the budget for 2020 are the following:
- a competitive economy and young people,
- enhancing security and solidarity in the EU and beyond,
- combat climate change and
- other priorities.
For the fight against climate change, is allocated 21% of the total proposed budget for 2020. This is in line with the ambitious goal of spending 20% of the current EU long-term budget on climate change mitigation activities.