Monday, May 14, 2018 @ 3:15 pm
On May 2, 2018, the Commission is proposing a pragmatic, modern, long-term budget for the 2021-2027 period.
It is an honest response to today's reality in which Europe is expected to play a greater role in providing security and stability in an unstable world, at a time when Brexit will leave a sizeable gap in our budget. Today's proposal responds to this twin challenge through cuts to expenditure and through fresh resources in equal measure. Funding for the Union's new and main priorities will be maintained or reinforced which inevitably means some cuts in other areas. With the stakes so high, it is time to act responsibly. Today's budget proposal is therefore both focused and realistic.