EU’s 2020 Budget Focuses On 5 Key Areas – Details of Budget Allocation and Key Challenges





The EU Budget for 2020 mainly focuses on growth and competitiveness, climate action and other areas such as security and Management of migration.

EU's 2020 Budget Focuses On 5 Key Areas – Details of Budget Allocation and Key Challenges  EU’s 2020 Budget Focuses On 5 Key Areas – Details of Budget Allocation and Key Challenges 8 e1574293997494
EU’s 2020 Budget Focuses On 5 Key Areas – Details of Budget Allocation and Key Challenges

The European Parliament and the Council on 18th November reached agreement on an European Union budget for 2020.

According to European Council’s statement, the budget for 2020 mainly focuses on growth and competitiveness, climate action and other areas such as security and management of migration.

Total commitments are set at €168.7 billion. This is an increase of 1.5% compared to the 2019 budget as amended.

€1.5 billion have been kept available under the expenditure ceilings of the multiannual financial framework for 2014-2020, allowing the EU to react to unforeseeable needs. Total payments amount to €153.6 billion, rising 3.4% from 2019.

The aim is to ensure timely payments to beneficiaries and avoid a substantial accumulation of payment claims over the next few years, in particular in relation to cohesion policy, the council said.

 Area           2020 EU budget (in € million)
   Commitments    Payments
 1. Smart and inclusive growth    83 931    72 351
 – 1a. Competitiveness for growth and jobs    25 285    22 308
 – 1b. Economic, social and territorial cohesion    58 646    50 043
 2. Sustainable growth: natural resources    59 907    57 905
 3. Security and Citizenship    3 729    3 685
 4. Global Europe    10 262    8 929
 5. Administration    10 272    10 275
 Special instruments    588    419
  TOTAL    168,688    153,563







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