EURACTIV has compared the figures in the EU budget deal, struck among EU heads of states on 8 February, with the European Commission's original proposal. The difference – €6.3 billion according to our calculations – represents the gap with the EU's pledge to spend 0.7% of its Gross National Income (GNI) on overseas assistance.
On 8 February, EU leaders agreed on a total budget of €960 billion for the EU in 2014-2020, significantly less than the €1.025 trillion originally proposed by the Commission – a difference of at least 6.34%.
The two main pillars for the EU’s development aid are the European Development Fund (EDF) and the Development Cooperation Instrument (DCI). Both have been slashed significantly as part of the budget negotiations.
The amount reserved for overseas aid in the EDF amounts to €26.986 billion, compared with €29.998 billion in the Commission proposal – a difference of 10.1%.
Similarly, EU leaders earmarked €20.6 billion for the DCI. However, the DCI calculated as a proportion of cuts to the headline Global Europe, as no breakdowns are available, is €17.3 billion. The difference here therefore amounts to 16%.
The infographic below gives the detailed figures:
Andris Piebalgs, the European development aid commissioner, has called on EU member countries to compensate the aid cuts in order to meet the 0.7% GNI pledge.
After 26 hours of talks, EU leaders struck a deal on the Union's seven-year budget at a meeting on 7-8 February.
The 2014-2020 EU budget is smaller than it was in 2007-2013. It goes down to 1% from 1.12% of EU gross national income (GNI).
This is the first net reduction to the EU budget in the Union’s history.
The EU leaders’ agreement sets the figure for “commitments” – the maximum amount of money allotted during the seven-year period – at €960 billion, while budget “payments” – the amount of money that can actually be spent – were reduced by €34 billion to €908.4 billion.
>> Read: The EU's 2014-2020 budget in figures
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