2015 EU Budget approved by Council

This morning, the Council’s Permanent Representatives Committee agreed on a package comprising the 2015 EU budget and the pending draft amendment budgets for 2014.

For the 2015 budget, the compromise reached sets the total payments at € 141.2 billion and total commitments to € 145.3 billion.

The payments for activities such as research, innovation and education increase by more than 38% or € 4.4 billion compared to the 2014 EU budget as adopted last year.

The European Parliaments will also need to formally approve the package, next week during its plenary session in Strasbourg.

See Press release Council.