European Commission proposes new budget

27/05/2020

The European Commission has set out its proposals for the future budget of the EU, announcing measures totalling EUR 1.85 trillion. This combines EUR 1.1 trillion of the Multiannual Financial Framework (MFF), along with EUR 750 million of one-time recovery instrument, the Next Generation EU. Of particular relevance for dementia policy at an EU level, the European Commission’s proposed standalone Health Programme, EU4Health, has been allocated a budget of EUR 9.4 billion. This is a significant increase on the original EUR 414 million allocated for a health strand of the European Social Fund Plus package in the Commission’s original MFF proposal.

Additionally, the new proposals have allocated EUR 94.4 billion for the future European research programme, Horizon Europe. This represents a marginal increase on the EUR 94.1 billion proposed in the Commission’s original MFF proposal. Additionally, a new initiative, REACT-EU, will provide a top-up for cohesion funds to support Member States, with a budget of €55 billion. This will be distributed according to a new allocation key which takes into account the impact of the crisis, supporting workers and Small and medium business, health systems and the green and digital transitions. Furthermore, the document sets out broader aims in relation to investment in health systems, greater roles for the European Medicines Agency and the European Centre for Disease Control, as well as the creation of a European Health Data Space.

You can read the European Commission’s proposal here: https://politico.us8.list-manage.com/track/click?u=e26c1a1c392386a968d02fdbc&id=b699107577&e=a201f4c15c