G. Skaistė: Lithuania's Priorities when Revising the EU Multiannual Financial Framework – Additional Funds for Military Mobility Projects and Support for Ukraine

In the meeting of Minister of Finance Gintarė Skaistė with the European Commissioner responsible for budget and administration Johannes Hahn, which took place today in Vilnius, the issues related to the EU budget were discussed, focusing on the revision of the EU Multiannual Financial Framework covering the 2021-2027 period that is planned this year.

"The EU budget for 2021-2027 was prepared in response to the challenges caused by the pandemic and the need to promote the recovery of the European economy. Today we face other challenges, primarily related to russia's brutal war against Ukraine and its consequences. We therefore support the push to revise the EU Multiannual Financial Framework. Lithuania's priorities in this process are more funds for military mobility infrastructure projects, which is particularly important in the current geopolitical context, as well as the mobilization of further support for Ukraine at the EU level, additional funding for the countries receiving war refugees," noted Minister of Finance G. Skaistė.

Agreement on the EU Multiannual Financial Framework for 2021-2027 was reached in December 2020, its scope is EUR 1.2 trillion. It is expected that the proposal for the revision of this framework will be presented by the European Commission in mid-June this year, and an agreement is expected to be reached by the end of this year.

During the meeting the preparation of the EU budget for 2024, the draft of which is planned to be submitted by the European Commission at the end of May, was discussed, and views on the European Commission's proposals for new EU own resources, with the aim of making the EU budget less dependent on direct contributions from the Member States in the future, were exchanged.

Last updated: 10-05-2023

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