EU to spend 123 bn euro to boost its global role

For the next long-term European Union (EU) budget 2021-2027, the European Commission Thursday proposed to increase the external action budget to 123 billion euro (USD 145 billion), to make the European bloc effective to address today’s global challenges.

Presenting the proposal at a press conference, EU High Representative Federica Mogherini, said “we propose a budget for the external action of the European Union of 123 billion euro for the next seven years: an increase of 30 percent that is an unprecedented investment in our global role.” “It is recognition of the added value of the EU work on foreign policy. Together we can have an impact that no EU Member State alone can have in today?’s world,” she said.

Speaking at the joint press conference EU Commissioner for European Neighbourhood Policy and Enlargement Negotiations, Johannes Hahn, said “the increased and reformed budget will allow us to continue working with those countries that are engaged to join the EU, as well as maintaining our special relationship with our Eastern and Southern neighbours.” On his part, EU Commissioner for International Cooperation and Development Neven Mimica stated that “our proposals set out the financial basis for the EU to maintain its role as the leading development actor, assisting our partners to eradicate poverty and respond to global challenges, while ensuring we leave no one behind.” EU Commissioner for Humanitarian Aid and Crisis Management Christos Stylianides, highlighted that the increased budget will allow the EU to continue to provide humanitarian assistance all over the world.

“As humanitarian emergencies in the world are increasing every year and becoming more complex, the EU is reinforcing its leading role as a major humanitarian aid provider. With an increased budget, we will continue showing solidarity with millions of people in need,

Source: Kuwait News Agency