MARKUS J. BEYRER: THE EU NEEDS AN ADEQUATE BUDGET, BUT RAISING ADDITIONAL FUNDS SHOULD NOT DETER INVESTMENTS
Commenting on the European Commission’s proposals for a review of the 2021-2017 Multiannual Financial Framework (MFF) and a package on raising additional own resources, BusinessEurope Director General Markus J. Beyrer said: “The EU needs an adequate budget, but raising additional funds should not deter investments.”
“The long-term EU budget needs to be adequate enough to address common challenges. Higher than expected inflation has reduced in real terms the size of the EU budget agreed in 2020, and it is also important that the EU has the resources to properly support Ukraine. Still, before increasing the budget, we should strive for improving the efficiency of EU expenditure, including through the use of financial instruments.
It is crucial to ensure that any proposals to raise additional funds for the EU budget do not have an adverse impact, either directly or indirectly, on companies’ costs and investment incentives.”
