Skip to content
DRAFT OPINION (2026/XXXX(BUD))

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

ECON-PA-787645

Committee on Economic and Monetary Affairs · Rapporteur: Georgios Aftias

Official HTML ↗ PDF DOCX
✦ In shortFull text
✦ In short · AI summary of this text, generated 25 Sept 2026

Written by a language model from the full text only; every figure comes from the text. The paragraph links open the paragraph a statement rests on — check the text itself before relying on it.

The Committee on Economic and Monetary Affairs sets out its opinion on the draft general budget of the European Union for the financial year 2027. It calls on the Committee on Budgets to incorporate its points into the resolution. It asks the 2027 budget to strengthen macroeconomic stability, complete the Single Market through the Savings and Investments Union, and treat Energy Union investments as part of that effort. It wants competitiveness boosted through simplification and fewer administrative burdens, with stable prices and sustainable public finances as prerequisites. It asks the budget to safeguard financial stability and social cohesion, follow the European Semester's recommendations, and support flexible use of cohesion policy instruments. It calls for economic and monetary sovereignty, faster structural reforms and more productive investment in defence and critical infrastructure, with national security interests considered for third-country participation.

Committee position. The Committee on Economic and Monetary Affairs calls on the Committee on Budgets to incorporate its points into the motion for a resolution on the 2027 budget. It proposes that the budget strengthen macroeconomic stability, complete the Single Market, boost competitiveness through simplification, safeguard financial stability and social cohesion, and support structural reforms and investment in defence and critical infrastructure.

Key points

  1. The committee calls on the Committee on Budgets to incorporate its points into the motion for a resolution on the 2027 budget.
  2. The 2027 budget must strengthen macroeconomic stability amid geopolitical uncertainty, keeping price stability and economic resilience as anchors of growth and investment.
  3. The Single Market should be completed by advancing the Savings and Investments Union, reducing market fragmentation and improving access to financing.
  4. Investments in the Energy Union, including interconnections, networks and renewable energy, should count as strengthening the Single Market and reducing strategic dependencies and inflationary pressures.
  5. European competitiveness should be enhanced through drastic simplification and fewer administrative burdens, with stable prices and sustainable public finances as prerequisites.
  6. Financial stability and social cohesion should be safeguarded, especially in sectors under pressure such as housing, energy and essential goods.
  7. The EU's annual budget should take account of the European Semester's recommendations and support effective and flexible use of cohesion policy instruments.
  8. The EU budget should contribute to strengthening the Union's economic and monetary sovereignty.
  9. Structural reforms should be accelerated and productive investment increased in critical sectors such as defence and critical infrastructure, considering national security interests where third-country participation is involved.

Who is affected

  • The Committee on Budgets, which is asked to incorporate the opinion into its motion for a resolution.
  • Sectors under pressure such as housing, energy and essential goods, whose financial stability and social cohesion the budget should safeguard.
  • Critical sectors such as defence and critical infrastructure, which should receive more productive investment.

Figures and deadlines

  • 2027, the financial year of the draft general budget.