Major decisions are in the making in Brussels - Commissioner

Portfolio
"It is time to make choices: the Commission sets out concrete options for the future EU budget," the EU Commissioner for Regional Policy told Portfolio in an opinion piece. Corina Crețu reveals what the stakes are at the informal EU summit coming up on Friday, reflecting on the Commission’s budget scenarios published last week. This article follows another opinion piece written by two EU Commissioners on the EU executive’s plastics strategy and published on Portfolio’s site in January.
This Friday, heads of State and Government will meet in Brussels to discuss a matter that will impact the life of all European citizens and their common future: the next long-term EU budget.

It won't be about pushing figures around on paper, but about drawing the outline of a budget the size of our ambitions and imagination as a Union, so we can efficiently tackle the most pressing challenges at our door and in the horizon - managing migration in the long run, fighting climate change and holding our own in a globalised economy, to name a few.

To steer the discussion, the Commission set out options - and their consequences - that are illustrations of ideas that have long been in the public debate. Two or three detailed scenarios for each big EU item of expenditure, designed to really make you think about how much EU you want in your life. This is so leaders and citizens alike can make informed and swift choices.

Time indeed matters here; the Commission will table its proposal on 2 May so the budget can be adopted before the 2019 European elections. Because each week spent dithering over budget headings has repercussions on the ground. In my area of competence, Cohesion policy, a late adoption of the budget could mean that 100,000 EU-funded projects might not start on time. We are talking about small businesses awaiting their needed EU financial boost, delayed delivery of EU-funded medical equipment or children spending a few more months in a school badly in need of renovation works.

There are some aspects of the architecture of the next budget that won't require lengthy discussions; there is broad consensus already that the next EU budget will have to be simpler, more flexible, better performing.

In Cohesion policy it means fewer, simpler, clearer rules for the authorities dealing with the funds and for businesses applying for funding. It means that, within a 7-years budget framework, more flexibility is needed to face unforeseeable events. And it also means that not only should EU funding focus on areas with clear EU added value - the Commission is currently working on such a definition - it should further support reforms where needed, precisely so that the results of EU and national public investments are more quickly and strongly felt by citizens.

Cohesion policy, which I'm proud to be responsible for, has proven its EU added value. As the biggest investment tool, it has been a lifeline for many EU countries, regions, cities, academia, businesses throughout the economic crisis, creating 1.2 million jobs in the last 10 years. It brings about more growth in all Member States by opening new markets, increasing trade and improving infrastructure. And it has helped heal the scars of European History, with decades of cross-border cooperation programmes.

But there is more than economic power to cohesion policy; as many disenchanted voters express their frustration by supporting anti-European parties, Cohesion policy shows Europe's concrete achievements on the ground, whilst working hand-in-hand with ministers, regional authorities, mayors and local stakeholders. Its political added value is matched by none. It ensures that every region, town and village - which means every single citizen - can benefit from the European project.

But it is now time to hear from Member States on the future of Cohesion policy and the EU budget as a whole. The Commission will put forward a proposal, but the European Parliament and the Member States - that is, ultimately, the citizens - will make the calls. So I invite citizens to join the discussion and answer the EU-wide public consultation the Commission launched on 10 January. The EU's benefits are so huge that it is hard to put a price tag on them, but this is precisely what we will have to do.

The article was written by EU Commissioner for Regional policy Corina Crețu

Front page photo by Emmanuel Dunand AFP
 

More in Economy

April 23, 2024 17:03

Hungary central bank provides rationale for 50bp rate cut

Three key changes in the wording compared to March

virág_barnabás_mnb
April 23, 2024 15:35

Hungary central banker warns against repricing based on past inflation

MNB Deputy Governor Barnabás Virág speaks after rate cut

GettyImages-1246841948b
April 23, 2024 14:00

Hungary central bank keeps on cutting rates

As expected

seb
April 23, 2024 13:20

Painful wounds of the Hungarian budget are healing very slowly

A brief look at first quarter data

Benzinkút
April 23, 2024 10:40

Hungarian fuel prices: no one is right when looked at from all sides

Is there a need for another price freeze?

amerikai-egyesult-allamok-capitolium-amerikai-kongresszus
April 23, 2024 08:38

US State Department issues damning Country Report on Hungary

Washington says there have been setbacks in the rule of law and human rights situation

LATEST NEWS

Detailed search