Lithuanian Presidency welcomes EP consent to EU multiannual financial framework

20 November 2013, Last updated at, 10:41 EEST
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author: European Parliament

Vytautas Leškevičius, Vice-Minister of Foreign Affairs of the Republic of Lithuania, on 19 November in Strasbourg welcomed the successful completion of inter-institutional negotiations regarding the EU multiannual financial framework 2014–2020.

“It’s the culmination of a long negotiation process and good news to the citizens of Europe. Funding provided in the budget for innovation, research, education, cohesion or agriculture will definitely provide a major boost to our economies. The EU multiannual financial framework is the foundation which will help to consolidate funds for growth and job creation,” the Vice-Minister said.

After discussions, the European Parliament gave its consent to the EU multiannual financial framework and paved the way for a smooth start of the new 7-year financial framework's programmes from 1 January 2014.

“The negotiations of unprecedented intensity and difficulty with the EP were one of the biggest challenges of the Lithuanian and previous Presidencies. Today we can rejoice – the result properly reflects our efforts and the expectations of EU citizens and businesses,” Mr Leškevičius said.

The approval of the multiannual financial framework , according to the Vice-Minister, is a long-awaited decision which will provide new opportunities for the citizens of Europe.

The goal was to reach final adoption during the Lithuanian Presidency to ensure that funds for the EU's main policies, for example, cohesion and agriculture, agreed upon in February 2013 at the European Council, reached Members States on time.

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