MEPs from the Committee on Budgets on Wednesday adopted their position on the long-term EU budget, calling for a 10% increase and for the repayment of Next Generation EU — the joint debt approved in 2020 to address the economic impact of COVID-19 — to be kept outside the EU budget.
The proposed 10% increase would be evenly distributed across the budget’s three main political priorities: national plans, competitiveness funds and Horizon as well as Global Europe.
