The agreement brings the overall level of commitments to € 168.7 billion and the level of payments to € 153.5 billion for the 2020 budget.

The Member States and the European Parliament reached Monday evening an agreement on a budget of 168.7 billion euros for the year 2020, announced the group of the European People's Party (right) in a statement. "We have an agreement," confirmed the Finnish Presidency of the EU on Twitter. The European Parliament has taken away from the Member States an increase of 850 million compared to the proposal of the European Commission to finance the fight against global warming, digitization and Erasmus + programs for young people, welcomes the EPP.

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"We have increased the budget lines for the climate of half a billion euros with this proposal," said Monika Hohlmeier, EPP MEP and negotiator of the European Parliament for the 2020 budget.
"The EPP Group has also managed to negotiate additional funding for digitization, a subject that European citizens in all EU countries will benefit from with competitive jobs, better health and better services," she said. added. The agreement finally brings "increased support to young people by increasing the budget for Erasmus and DiscoverEU programs," she said.

"With more money for our priorities - an overall increase of 850 million euros for climate, digitization and young people - the budget for 2020 is a success for the EPP Group," she concluded. Three weeks of difficult negotiations were needed to reach this agreement, which gives an indication of the positions that member states will take on the ongoing negotiations for the EU's multiannual budget 2021-2027.