Summary
The European Parliament approves an amendment to the 2020 budget to increase funding for pandemic relief, specifically supporting SMEs, farmers, and international cooperation. 9 10.02.2021
Other
economy
finance
social policy
international relations
public finance and budget policy
agriculture, forestry and fisheries
Key points
In force from 01/01/2020 Out of force from 31/12/2020
- An overall increase in payment appropriations of approximately 1.57 billion euros is proposed to address the economic impact of COVID-19.
- Approximately 93.8 million euros will be used to support small and medium-sized enterprises through a loan guarantee facility.
- A total of 750 million euros is allocated to provide financial relief to farmers and agri-businesses.
- The budget includes 586 million euros for international cooperation and support for partner countries.
Documents (PDFs)
REPORT on the Council position on Draft amending budget No 10/2020 of the European Union for the financial year 2020 - Increase of payment appropriations in line with updated forecasts of expenditure and other adjustments to expenditure and revenue
Draft amending budget No 10/2020: Increase of payment appropriations and other adjustments to expenditure and revenue
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