European Commission Welcomes the Adoption of the EU's Long-Term Budget for 2021-2027

The European Commission has issued a release welcoming the adoption of the EU's long-term budget for 2021-2027 and the approval of the new Own Resources Decision by the European Council, which now requires ratification by the Member States. In order to help repay borrowing, the budget Q&A notes the new own resources that are planned to be introduced to complement Member States' contributions to the EU budget. The roadmap agreed on 10 November 2020 contains clear commitments regarding th…