General budget of the European Union for the financial year 2027 - all sections

Tabled by Alexander Jungbluth, Stanisław Tyszka, Milan Uhrík, Marcin Sypniewski

4. Removed: Recalls the Interinstitutional Agreement adopted as part of the 2020 MFF agreement, whereby expenditure to cover NGEU financing costs “shall aim at not reducing programmes and funds”; restores, therefore, all the cuts proposed by Council to ensure that programmes are properly resourced and that the budget’s flexibility and response capacity are maintained throughout the annual budgetary procedure; insists on the need for Added: Regrets the sharp increase in the financing and liquidity-management costs of NGEU; reiterates its opposition to common Union borrowing and to the establishment of a permanent debt or fiscal capacity at Union level; insists that only legally binding debt-service expenditure actually falling due in 2027 be financed within the existing MFF ceilings through savings and redeployment from non-essential expenditure, without new Union taxes, additional national contributions, recourse to special instruments or further common borrowing; calls on the Commission to provide Removed: reliable, timely and accurate information on NGEU borrowing costs and on expected Recovery and Resilience Facility disbursements according to the methodology applied since 2025 budget, whereby the Commission will base the budgeting of the EURI interest line for a given year on disbursements which are confirmed by the end of the third quarter of the previous year; Added: complete, timely and auditable information on borrowing, disbursements, interest expenditure, liquidity-management costs and the Union’s total contingent liabilities;

Wording as published by the EP, in English. PE788.355