EU Budget 2022 deal: investing more for a strong recovery

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The Malta Business Weekly

Provisional deal between Parliament and Council reached on Monday

MEPs have fought for and obtained better support for health, research, climate action, SMEs and the young in next year’s EU budget, after talks with Council on Monday.

On Monday evening, the negotiators from the European Parliament and the Council reached a provisional agreement on the 2022 EU Budget, shortly before the deadline of the conciliation period, ending on Monday 15 November at midnight. Parliament has obtained in total €479.1 million for its priorities on top of what the Commission has proposed in the Draft budget updated with the Letter of amendment.

The preliminary figures are €169.5 billion in commitment appropriations and €170.6 billion in payment appropriations. Detailed figures will be available later.

MEPs were successful in increasing funding for programmes and policies which they see as contributing to the post-pandemic recovery, in line with Parliament’s priorities set out in its guidelines for 2022. These include the Horizon Europe research programme (+€100 million above the Commission’s draft budget) and the environment and climate action LIFE programme (+€47.5 million). The Single Market Programme is topped up by €30 million (including €10 million for tourism sector), and the European Public Prosecutor’s Office by €3.8 million, protecting European taxpayers’ money from criminals.

Young people and health

Support for young people is a key priority for Parliament: MEPs managed to increase Erasmus+ by €35 million. EU4Health has also been boosted, with an additional €51 million to build up a strong European Health Union and to make national health systems more resilient.

Humanitarian aid, migration, external assistance

The Neighbourhood, Development and International Cooperation Instrument (NDICI – Global Europe) was topped up by €190 million, with a particular focus on fighting the pandemics, including through vaccinations.

Humanitarian Aid was topped by EUR 211 million, to allow for the Solidarity and Emergency Aid Reserve to be able to cover increased needs of the EU Solidarity Fund in relation with the natural catastrophes in the EU.

As part of the overall agreement, draft amending budgets 5 and 6, focusing on the help to the Syrian refugees in Turkey and the region, and financing 200 million vaccination doses through the COVAX mechanism, were also agreed.

The Malta Business Weekly

In 1994, the Malta Business Weekly became the first newspaper fully dedicated to business. Today this newspaper is a leader in business and financial news. Together with the launch of the MBW newspaper, the company started organising various business breakfasts to discuss various current issues that were targeting the business community in Malta.

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