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A very ‘positive and progressive’ EU Budget for 2016 was agreed on, claims S&D Group

November 2, 2015 - Financial & Competition

The 2016 EU budget was one the hot potatoes during late October’s Plenary session in Strasbourg. MEPs and EU Institutions have finally agreed on the budget for next year. As stated by Tim Allan, S&D Group Press Officer, ‘it is a very positive and progressive budget’ that includes extra money to best tackle the refugee crisis, as well as youth unemployment – still far too high across the EU. In addition, research and innovation funding and infrastructure spendings budget was rethought: ‘we need not cut such funding if we want to compete in a 21st century society’, argues Allan. Of course, getting Member States on board will be no easy task, this is why a three-week negotiation period is ongoing, with hopes to reach a consensus by mid-November.

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