Recovery Plan read: Charles Michel proposed a budget with a slight decrease

The president of the european Council, Charles Michel has proposed Friday to prepare the budget 2021-2027 EU to 1.074 billion euros, in slight decline compared

Recovery Plan read: Charles Michel proposed a budget with a slight decrease

The president of the european Council, Charles Michel has proposed Friday to prepare the budget 2021-2027 EU to 1.074 billion euros, in slight decline compared to its proposal of last February (1.094 billion), but to preserve the stimulus funds to 750 billion euros, according to the distribution key between loans and grants proposed by the Commission.

Read also the recovery Plan of the EU: Charles Michel says the "confidence" of Angela Merkel

It also has a reserve fund of 5 billion euros for the countries and sectors that will be most affected by the unpredictability of the consequences of Brexit, which includes potentially Belgium.

Date Of Update: 10 July 2020, 13:35
NEXT NEWS