(MULTI) – IATE term of the week: general budget | TermCoord


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The European Union’s budget for the year 2018 has been adopted after both the Council and the Parliament approved the deal, even though this wasn’t all plain sailing for the latter.The budget set for next year was set at €160.1 billion in commitments, which would be an increase of 0.2% compared to the budget of the previous year.

The European Parliament however, did approve this without the support of the second largest political party within it, as the Socialist & Democrats group abstained from voting in Parliament.

This budget deal was originally reached on the 18th of November in the conciliation committee for the 2018 budget.

The chief Council negotiator for the 2018 budget, Mart Kivine said that both the Parliament and the Council shared the two main priorities for the financial year in question: on the one hand tackling migration …


via Terminology Coordination Unit [DGTRAD] – European Parliament

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