The European Commission proposed a draft EU budget for 2016 of €143.5 billion euros on Wednesday (27 May). According to the EU executive, the budget aims to ‘support the recovery of the European economy”. The funds will be used to create jobs and growth, to deal with migration more effectively, and to strengthen the EU’s role as a global player.
“In today’s economy, it is more important than ever to use taxpayers’ money wisely. Our 2016 budget supports the economic recovery through investment for growth and jobs, as well as helping manage external challenges such as migration. We are responding to the most pressing needs in Europe and aiming for the best possible results,” EU Commissioner for Budget and Human Resources Kristalina Georgieva said.
The draft will be sent to the European Parliament and EU member states, who will jointly decide on the final budget.