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This triggers a three-week conciliation period starting on 30 October. The two institutions will have until 19 November to find an agreement on next year’s budget.
The Council and the Parliament share the same priorities for the 2019 EU budget. These include growth, employment and innovation, fighting climate change, tackling security and migration, and a focus on young people.
At the same time, the Council is concerned by the increases proposed by the European Parliament, which exceed the level of funding proposed by the Commission in its draft budget, as well as the ceilings of the multiannual financial framework. It insists on taking into account the actual needs and absorption capacities under the different programmes to ensure adequate levels of funding and good value for EU taxpayers’ money.