2018 EU budget: jobs, investments, migration challenge and security
n the early hours of 18 November, the EU institutions reached an agreement on the 2018 EU budget– a reflection of the political priorities of the Juncker Commission. The 2018 EU budget is set at €160.1 billion in commitments (money that can be agreed in contracts in a given year) and €144.7 billion in payment credits (money that will be paid out). In line with the European Commission proposal from May this year, the biggest part of the EU budget will go to stimulate the creation of jobs, especially for young people, and to boost growth, strategic investments and convergence. The EU will also continue supporting the efforts to effectively deal with the migration challenge, both inside and outside of the EU. More details are available in the press release here.