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The Council endorsed an agreement on the 2020 EU budget reached with the European Parliament in the conciliation committee. The budget strongly focuses on growth and competitiveness, climate action and other EU priorities such as security and management of migration.
Total commitments were set at €168.7 billion. This is an increase of 1.5% compared to the 2019 budget as amended. €1.5 billion have been kept available under the expenditure ceilings of the multiannual financial framework for 2014-2020, allowing the EU to react to unforeseeable needs.
Total payments amount to €153.6 billion, rising 3.4% from 2019. This increase reflects the continuing implementation of the 2014-2020 programmes at full speed. The aim is to ensure timely payments to beneficiaries and avoid a substantial accumulation of payment claims over the next few years, in particular in relation to cohesion policy.
The agreed figures are based on the premise that the UK will continue to participate fully in the financing and implementation of the EU budget for 2020.
2020 EU budget: Council and Parliament reach agreement