EU leaders and the European Parliament will have to sign off on the EU’s long-term budget before it can come into action.
Last week the European Commission President Ursula von der Leyen unveiled details of the revamped budget that will run from 2021 to 2027. She told the European Parliament the European Commission was proposing a budget of one point one trillion euro (€1.1 trillion).
That would be complemented by an additional €750billion Covid recovery fund along with three safety nets already agreed of up to €540bn to support citizens, businesses and countries hit by the Covid pandemic.
So what can we expect from the EU’s long-term budget proposals?
EuroParlRadio's editor Karen Coleman has this report.
Out words: EuroParlRadio