The European Parliament is one of the budgetary arms of the European Union, which means that jointly with the Council, it establishes the annual budget of the EU. This process goes through the EP's Committee on Budgets. The Committee on Budgets also sets down overarching rules on spending and approves the EU's multiannual financial framework, i.e. the EU's medium-term budget plan.


European Parliament
Press Release
05.07.2012 - 13:15

Romania: Is there a coup d'état creeping up on Romania?

"The series of decisions made by the Romanian Government over the last days are very worrying The European Commission must act now and put the country under scrutiny", said EPP Group MEPs...
Financial Pie Chart - Euro
Press Release
04.07.2012 - 12:30

EU Budget: the Council must now take action

 A battle for payments is needed, there is a bunch of bills to pay and expenditures have to be monitored "I have asked Commissioner Lewandowski and representatives of the EU Council to...
Euro Currency: Stacks of 5, 10, 20 and 50 euro notes piled together
Press Release
27.06.2012 - 14:00

Better, not less spending in the future cohesion policy.

EPP Group MEPs from Central European Member States stand united for maintaining the financing of cohesion policy at the current level. In a joint statement issued before the European Council meeting...
Statistics, Finance, Stock Exchange and Accounting
Press Release
13.06.2012 - 13:45

MFF: more flexibility for future EU budget

The future EU budget needs adequate funding while providing for more flexibility and leaving scope for fewer national contributions due to a reform of the EU's income base, MEPs said today....
Press Release
07.06.2012 - 12:00

EU Budget: Next MFF should be geared

"The European Union budget needs to play a strategic role. It must provide an added value in terms of growth-boosting investment. It must also allow for flexibility so that the EU can be better...
Financial Analysis with charts and european currency
Press Release
26.04.2012 - 12:30

Budgets Committee gives green light

Members of the European Parliament's Budgets Committee today approved the launch of the pilot phase of project bonds, designed for investment projects. Based on a credit-enhancement...