Agreement with Parliament on the 2025 EU price range, extra funds on the best way | EUROtoday

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Overnight, negotiators from the European Parliament and the Council reached a provisional settlement on the 2025 EU price range, earlier than the expiry of the conciliation interval. More than €230 million has been added for key priorities similar to well being analysis, humanitarian help and border administration. MEPs additionally pledged funds to assist EU international locations going through climate-related disasters.

The MEPs – we learn in a word – have additionally assured the financing of the reimbursement prices of the Pnrr, that are double the quantity initially foreseen for 2025, whereas on the identical time defending funding for important programmes, similar to Erasmus+ or R&D.

MEPs reversed all cuts made by member states and efficiently insisted on the proper use of the brand new “cascade mechanism” launched within the EU’s long-term price range assessment. This mechanism was designed to handle rising EU borrowing prices with out affecting key initiatives, whereas sustaining the flexibleness and responsiveness of the price range. However, the settlement nonetheless must be formally authorized by the Council and Parliament.