EU long-term budget at summit

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The EU long-term budget will be the main focus when heads of state and government meet in Brussels for the first time since February. Prime Minister Stefan Löfven and his 26 colleagues will negotiate the EU long-term budget for 2021–2027.

Prime Minister Stefan Löfven
Prime MInister Sfefan Löfven participates in the EU summit on 17-18 of July, Photo: Representation of Sweden to the EU

EU long-term budget for 2021–2027

At the end of May, the European Commission presented an updated proposal for the EU long-term budget for 2021–2027. After having spoken to heads of state and government, President of the European Council Charles Michel presented a more detailed proposal at the end of last week.

At the summit on July 17-18, the EU leaders will discuss the new proposal for a long-term budget with the aim of reaching an agreement. They will decide on the size of the budget, its financing and rebates for countries that are net contributors.

To support affected countries, there is also a proposed recovery package, known as the Recovery Instrument. EU leaders will discuss whether recovery support should be in the form of loans or grants, who should receive support, how large the support should be and how long it should be paid out.

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