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Draft amending budget No 1/2025: 2024 surplus
Draft amending budget No 1/2025 (DAB 1/2025) to the EU's 2025 general budget seeks to enter the €1.35 billion surplus from implementation of the 2024 budget as revenue into the 2025 budget. Including this surplus would lead to a corresponding reduction in Member States' gross national income (GNI) contributions to the 2025 budget. The European Parliament is expected to vote on the Council's position on DAB 1/2025 during the July plenary session.
Belgium's National Recovery and Resilience Plan: Latest state of play
The EU's Recovery and Resilience Facility (RRF) is the core component of Next Generation EU (NGEU). By promoting the sustainable and inclusive recovery after the COVID-19 pandemic that ensures the green and digital transitions make progress, the RRF is consistent with the European Commission's priorities. Belgium's initial maximum contribution to finance its national recovery and resilience plan (NRRP) was set to €5 924 million in grants. The amount was updated in June 2022 and reduced to €4 523 ...
State of Play: EU support to Ukraine
In response to Russia's full-scale war of aggression against Ukraine, which started in February 2022, the European Union (EU) and its Member States have provided unprecedented financial, military and humanitarian support to Ukraine. According to European Commission figures, Team Europe, consisting of the EU and its Member States, has made available around €150 billion in support to Ukraine. This support encompasses macro-financial assistance, financial support through the Ukraine Facility, humanitarian ...
Economic Outlook Quarterly: Fragmented trade, untapped potential at home
The EU's trade-dependent economy faces uncertainty from global trade policy shifts, prompting calls to strengthen domestic demand. Economic growth forecasts for the years ahead have been downgraded, reflecting this uncertainty. Anticipatory trade to avoid US tariffs peaked in March 2025, as EU exports to the US rose by 59 % in the first quarter of 2025, but has subsided since. The final phase of the Next Generation EU recovery instrument is expected to support public investment and economic activity ...
France's National Recovery and Resilience Plan: Latest state of play
France's national recovery and resilience plan (NRRP) is a subpart of 'France Relance', a larger recovery strategy France adopted in 2020, worth €100 billion in total (4.1 % of France's gross domestic product (GDP) in 2019). The NRRP had an initial value of €40.9 billion (total costs), while the plan as amended in 2023 is worth €41.9 billion. Under the Recovery and Resilience Facility (RRF), at the core of the Next Generation EU (NGEU) instrument, France's RRF grant allocation decreased from €39.4 ...
Greece's National Recovery and Resilience Plan: Latest state of play
Greece was among the first four EU Member States to submit its national recovery and resilience plan (NRRP) in April 2021. Since then, Greece has modified its plan in December 2023, adding a REPowerEU chapter and expanding its loan programme, and in July and December 2024, introducing smaller targeted revisions. The plan now envisages investment and reforms worth €35.9 billion, to be implemented up to 2026; €18.2 billion will be financed from non-repayable financial support (grants), while the loans ...
The European Parliament's oversight powers: Tools to scrutinise the European Commission
The European Parliament is vested with powers of democratic oversight and political scrutiny vis-à-vis the European Commission. These powers of Parliament enhance the democratic legitimacy of the EU as a whole, and help increase the transparency and accountability of the Commission as the EU's executive body. This study examines Parliament's oversight and scrutiny powers over the Commission. It focuses mainly, but not exclusively, on the powers that are enshrined in specific provisions of the EU ...
Recovery and Resilience Dialogue with the European Commission 16 June 2025
Executive Vice-President Fitto and Commissioner Dombrovskis are invited to the 19th Recovery and Resilience Dialogue (RRD) under the Recovery and Resilience Facility (RRF) Regulation, scheduled for 16 June 2025. The previous RRD took place on 31 March 2025.
Implementation report on the Recovery and Resilience Facility (RRF)
During the June plenary session, Parliament is due to discuss the joint report of the Committees on Budgets (BUDG) and Economic and Monetary Affairs (ECON) on the implementation of the RRF, which lays out Parliament's views on the RRF′s progress so far, proposes improvements for its remaining lifetime, and draws lessons for possible future performance-based budgetary instruments.
Timeline for the three key EU budgetary procedures in 2025
As every year, two annual procedures are central to the budgetary work of the European Parliament and the other institutions – agreeing on the 2026 budget, and granting discharge for the implementation of the 2024 budget. In addition, in 2025, the process of agreeing the next multiannual financial framework (MFF) for the years from 2028 will also get under way. This timeline sets out the main steps in the three procedures up to end 2025.