The European Commission proposed this Friday to add 5.8 billion euros to the European Union (EU) budget for 2024, mainly to support Ukraine this year (4.8 billion) and increase investment in defense and critical technologies.
In a statement, the community leader indicates that “today it adopted a proposal to amend the EU budget for 2024 to reflect changes introduced following the agreement between the European Parliament and the Council on the review of the Multiannual Financial Framework.” [QFP] for 2021-2027.”
With this budget proposal, which must be approved by the European Parliament and the Council of Europe, Brussels is proposing to increase the EU’s annual budget for 2024 by more than 5.8 billion euros.
According to the institution, almost all of this “pie” relates to the new Mechanism to support Ukraine and mobilize the Ukrainian reserve (4.8 billion euros), strengthening the European Defense Fund within the framework of the new Strategic Technology Platform for Ukraine. Europe (€376 million), increasing the European Solidarity Reserve and the Emergency Relief Reserve (€365 million), strengthening the Reform and Growth Mechanism for the Western Balkans (€501 million) and adapting the European Adaptation Fund to Globalization reserve for displaced people. Workers for the needs of recent years.
“This amended budget will enable the Union to continue to deliver on shared EU priorities this year for the benefit of European citizens and beyond. In particular, it will strengthen our support for Ukraine, increase investment in critical technology and defense, and make additional resources available to support partners in the Western Balkans,” says Brussels.
The European Commission adds that “with this change, the EU budget will also be better prepared to assist Member States affected by natural disasters and countries facing humanitarian crises.”
The proposal comes after EU leaders reached an agreement at an extraordinary European summit in Brussels in early February to revise the Multiannual Financial Framework for 2024-2027 to include a financial reserve of €50 billion (of which €17 billion in grants). over the next four years for Ukraine, mobilized depending on the situation on the ground.
Crucial to this agreement was the failure of Hungary, which for several weeks threatened to veto this financial reserve for Ukraine due to objections to the suspension of funding for public funds in Budapest.
The Russian military offensive into Ukraine, launched on February 24 last year, has plunged Europe into its most serious security crisis since World War II (1939-1945).
Ukraine’s Western allies have supplied Kyiv with weapons and approved successive packages of sanctions against Russian interests in an attempt to reduce Moscow’s ability to finance the war effort.
Author: Lusa
Source: CM Jornal
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