INTERIM REPORT on the proposal for a Council regulation laying down the Multiannual Financial Framework for the years 2028 to 2034

Tabled by João Oliveira

Added: 40c. Opposes the establishment of the so-called Competitiveness Fund, as it is an instrument designed to transfer resources to large economic and financial groups and multinationals, to militarism and war, to the liberalisation of markets and the financialisation of the economy, and to the commodification of the environment; argues, conversely, that these funds should be directed towards supporting the modernisation of the Member States’ industrial sectors, towards providing essential support to micro, small and medium-sized enterprises (MSMEs) as pillars of economic development, social cohesion, the creation of jobs with rights and the reduction of external dependencies, and towards fostering a healthy and ecologically balanced environment;

Wording as published by the EP, in English. PE783.221v01-00