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EU budget for 2015

The 2015 EU budget was endorsed by the Council's Permanent Representatives Committee on 9 December 2014 and confirmed by the Council on 12 December 2014. The European Parliament formally approved it on 17 December 2014.

The Council and the European Parliament agreed to set the total of payment appropriations for 2015 at €141.2 billion, and the total of commitment appropriations at €145.3 billion

 

€141.2billion for payments
€145.3billion for commitments

 

This leaves sufficient margins under the ceilings established in the multi-annual financial framework (MFF) for 2014-2020, which the annual budgets of the EU must comply with. The margins are necessary to make sure the EU is able to cope with unforeseen situations. 

2015 budget of the Council of the EU and the European Council

The EU annual budget contains a specific section (Section II) dedicated for the shared budget of the Council of the EU and the European Council.

In the EU budget for 2015 Section II makes up  around 0.4% of the EU budget.  This amounts to  €541.8 million  and makes up about 7.8% of the total administrative expenditure of all EU institutions.

The Council budget is managed by the General Secretariat of the Council of the EU.

Research, innovation and education

The payment appropriations for activities such as research, innovation and education were increased by more than 38%. This makes €4.4 billion more compared to the 2014 EU budget as adopted last year.

Support for farmers

It was agreed that support for farmers experiencing difficulties because of the food exports ban by Russia will be financed from higher than expected financial surpluses and corrections within the European Agricultural Guarantee Fund instead of using the agricultural crisis reserve.

Damages by natural disasters 

To alleviate damages caused by natural disasters, the Council and the Parliament agreed to mobilise a total amount of €126.7 million from the EU solidarity fund. The support is destined for the following countries: 

Bulgaria: €10.5 million

Croatia: €17.6 million

Greece: €3.7 million

Italy: €16.3 million

Serbia: €60.2 million

Slovenia: €18.4 million

  

EU budget for 2015 (in million euro)
HeadingsCommitmentsPayments
1. Smart and inclusive growth66 78266 923
- 1a. Competitiveness for growth and jobs17  55215  798
- 1b. Economic, social and territorial cohesion49  23051  125
2. Sustainable growth58  80955  999
3. Security and citizenship 147 860
4. Global Europe 408 422
5. Administration8 660 659
Special instruments515352
Total145 322141 214

 

Amendments

The Council is currently working on a number of proposals to amend the EU budget for 2015. Such proposed amendments, known as 'draft amending budgets', are necessary to adjust EU annual budget to new developments and needs.

Among the draft amending budgets for 2015 there is a proposal for re-allocation of funds in order to create a guarantee fund for the future European fund for strategic investments as well as a proposal for transferring unused funds from 2014 to support the EU programmes that are designed to boost economic growth and job creation.