Source: Council of the European Union (video statements)
The EU’s long-term budget runs on roughly 1% of its members’ GDP, less than a third of what the US federal government spends in a single year. So how does it fund Erasmus+, cancer research, Ukraine aid, and the green transition all at once? We break down where the money comes from, what it pays for, and how 27 countries have to agree on every single euro.
________________________________________
🔔Subscribe – / eucouncil
________________________________________
Follow us:
➡️Instagram – instagram.com/eucouncil
➡️Facebook – facebook.com/eucouncil
➡️X – x.com/eucouncil
________________________________________
Timestamps:
00:00 Intro
00:55 What is the budget?
02:29 MFF Priorities
03:09 Budget priorities
04:38 Why does it matter to you?
05:14 Outro
________________________________________
This is the official YouTube channel of the European Council and the Council of the European Union.
The European Council is the highest political body of the European Union. It brings together the heads of state or government of all member states, as well as its President and the President of the European Commission. It shapes the EU’s political agenda, addresses major challenges and sets strategic priorities, such as those outlined in the Strategic Agenda 2024–2029. This seeks to build a Europe that is free and democratic, strong and secure, prosperous and competitive. The European Council also plays a key role in crisis management, from responding to Russia’s war in Ukraine to tackling the COVID-19 pandemic. Decisions are typically made by consensus. Its meetings, often called ‘European summits’, take place at least four times a year in Brussels.
The Council of the European Union (often referred to as the ‘Council’) is where the EU’s day-to-day legislative and policy work takes place. Bringing together ministers from each EU member state, it negotiates and adopts laws, usually in partnership with the European Parliament, across 10 policy areas, from foreign affairs to energy. Unlike the European Council, the Council of the European Union operates under a rotating six-month presidency. Each member state holds the presidency in turn. Meetings are held regularly in Brussels and Luxembourg, ensuring that every EU country, regardless of size, has an equal voice in shaping European policies.
Find out more: https://www.consilium.europa.eu/en/