The EU Budget for 2020 mainly focuses on growth and competitiveness, climate action and other areas such as Security and Management of migration.
Total commitments are set at €168.7 billion. This is an increase of 1.5% compared to the 2019 budget as amended.
€1.5 billion have been kept available under the expenditure ceilings of the multiannual financial framework for 2014-2020, allowing the EU to react to unforeseeable needs. Total payments amount to €153.6 billion, rising 3.4% from 2019.
The aim is to ensure timely payments to beneficiaries and avoid a substantial accumulation of payment claims over the next few years, in particular in relation to cohesion policy, the council said.
|Area||2020 EU budget (in € million)|
|1. Smart and inclusive growth||83 931||72 351|
|– 1a. Competitiveness for growth and jobs||25 285||22 308|
|– 1b. Economic, social and territorial cohesion||58 646||50 043|
|2. Sustainable growth: natural resources||59 907||57 905|
|3. Security and Citizenship||3 729||3 685|
|4. Global Europe||10 262||8 929|
|5. Administration||10 272||10 275|