Parliament's reading of the 2025 EU budget

During the October II plenary session, Parliament is expected to amend the Council's position on the draft EU budget for 2025. The Committee on Budgets (BUDG) voted to reverse all of the reductions the Council has made to the Commission's draft and proposes considerable increases in the 2025 budget for Parliament's priorities: investments tailored to improving people's lives, and boosting the Union's competitiveness and sustainability. It would set 2025 commitments at almost €201 billion and payments at €153.5 billion, and proposes to finance the NGEU borrowing costs without cutting into expenditure on flagship programmes.