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OPINION (2026/0196(BUD))

On the draft general budget of the European Union for the financial year 2027

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Committee on Economic and Monetary Affairs · Rapporteur: Georgios Aftias

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✦ In short · AI summary of this text, generated 29 Sept 2026

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The Committee on Economic and Monetary Affairs calls on the Committee on Budgets to incorporate its suggestions into the 2027 budget resolution. It asks for a budget that supports macroeconomic stability, competitiveness, cohesion and strategic autonomy. It wants flexibility and simplification in the final year of the 2021–2027 Multiannual Financial Framework, continued funding for cohesion and agriculture, and new own resources generating around EUR 60 billion annually. It calls for completing the internal market, the Savings and Investment Union, the Banking Union and the 28th regime, and for adequate resources for the European Supervisory Authorities and the Anti-Money Laundering Authority. It asks for investment in the Energy Union, digitalisation, skills, housing and regions affected by deindustrialisation or disasters, and for funding for the digital euro and pan-European savings products. It seeks ex-post assessments of subsidies, a stronger European Investment Bank, and measures for islands and outermost regions, including a possible territorial continuity fund.

Committee position. The Committee on Economic and Monetary Affairs calls on the Committee on Budgets to incorporate its suggestions into the motion for a resolution on the 2027 budget, covering macroeconomic stability, flexibility, own resources, internal market completion, supervision, energy, cohesion and territorial continuity.

Key points

  1. The 2027 budget must strengthen macroeconomic stability, economic resilience and social cohesion, and support long-term, sustainable and inclusive investment.
  2. As the final annual instalment of the 2021–2027 Multiannual Financial Framework, the budget needs adequate flexibility and simplified administrative procedures.
  3. With 2027 the first year without the Recovery and Resilience Facility, the committee calls for fiscally responsible policies, discussion of future investment instruments and an expanded basket of own resources.
  4. The internal market should be completed and better integrated, with fewer national barriers and better access to finance for small and medium-sized enterprises and start-ups.
  5. The committee calls for implementation of the Savings and Investment Union, the Market Integration and Supervision Package, the 28th regime (EU Inc.) and completion of the Banking Union.
  6. The European Supervisory Authorities need adequate financial and human resources, and the Anti-Money Laundering Authority needs particular attention to its human, technical and financial needs.
  7. Investments in the Energy Union, including interconnections, renewables, storage and clean technologies, should be considered part of strengthening the internal market and reducing dependencies.
  8. Cohesion Policy and the Common Agricultural Policy should continue to receive adequate, stable and predictable funding alongside new defence and competitiveness priorities.
  9. Competitiveness should be enhanced through simplification and reduced administrative burdens, with stronger administrative capacity in member states and consistent application of the reformed Stability and Growth Pact.
  10. The committee calls for a comprehensive 'Financial Services Omnibus' and adequate funding for the internal market for financial services, digitalisation and access to finance.
  11. Competitiveness policies should be inclusive, address regional and sectoral gaps, and be supported by reliable data, training, capacity-building and investment in innovation and digitalisation.
  12. The committee calls for enhanced support for regions affected by deindustrialisation, natural disasters or severe climate pressures, and for new own resources generating around EUR 60 billion annually.

Who is affected

  • Small and medium-sized enterprises and start-ups, which should get improved access to diversified financing.
  • The European Supervisory Authorities and the Anti-Money Laundering Authority, which need adequate financial and human resources.
  • Island regions and outermost regions, for which a territorial continuity mechanism or fund is proposed.
  • The European Investment Bank, whose financing capacity should be strengthened.
  • Member states, which should gain fiscal space and strengthen administrative capacity to absorb Union funds.

Figures and deadlines

  • around EUR 60 billion annually, the revenue new own resources should generate
  • 2021–2027, the current Multiannual Financial Framework
  • 2027, the financial year of the draft budget and the first year without the Recovery and Resilience Facility
  • Articles 174 and 349 TFEU, cited for measures addressing insularity

Legal basis: Articles 174 and 349 TFEU