“We are delighted to have adopted the first ever mid-term revision of the Multiannual Financial Framework (MFF) which will guarantee a better budgetary system for the remaining years of the current perspective. We have created more space for manoeuvre to respond to new challenges”, stated the Co-Rapporteur Jan Olbrycht MEP.
Over the past three years, new crises and priorities have emerged and pushed the MFF and the special instruments for flexibility to its limits: migration and the refugee crisis, external crises, internal security, backlog of unpaid bills, funding of the European Fund for Strategic Investments (EFSI), continuation of the Youth Employment Initiative or the crisis in agriculture.
This is the first time that a fully-fledged MFF mid-term revision has taken place. It was one of Parliament’s key demands in the negotiations leading to the adoption of the 2014-2020 MFF.
“The reinforcement of €6 billion will provide for additional support for SMEs, research, Erasmus+, to create jobs for young people and to enhance our citizens’ security”, concluded Olbrycht.
The EPP Group strongly believes that scarce resources should not result in a reduction of EU common priorities.