Budget

Responsibilities

This department develops and carries out the Commission's policies on the EU budget:

Its responsibilities include:

• Make sure the EU budget underpins the delivery on the EU political priorities
• Prepare the Commission's budget proposals, act as an honest broker in the negotiations between the European Parliament and the Council
• Borrow funds on the capital markets to support various EU programmes
• Work to ensure the EU budget is spent effectively and delivers on its objectives to the benefit of EU citizens
• Make sure that the right mechanisms are in place to protect the budget and guarantee that every euro goes to where the needs are
• Collect the revenue to the EU budget. Propose and negotiate any new sources of revenue
• Propose and put into place the rules for the spending of EU funds
• Manage the EU expenditure, including payments to finance the recovery under NextGenerationEU and to support Ukraine under various Macro-Financial Assistance programmes
• Manage the treasury function, by receiving all revenue and executing all payments from the EU budget
• Manage the Commission's financial and accounting system, prepare and publish the EU annual accounts
• Coordinate the discharge procedure from A to Z
• Report on the implementation and performance of the EU budget, including by running the Financial Transparency System for EU payments
• Support the overall EU budget strategy and policy activities with effective communication including relations with the financial community and other institutions

Budget website