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EU cross-sector legal and regulatory highlights: budget, DMA gatekeeper ruling, GDPR actions, MiCA/MiFID consultations, energy and environment reforms, AI Act and DSA enforcement — 18 July 2024

Published on: 18 July 2024

Published by a LexisNexis EU Law expert
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EU fundamentals

Council of the EU agrees its position on the 2025 EU draft budget

The Council of the EU has settled on its stance for the 2025 draft budget, setting overall commitments at €191.53bn and payments at €146.21bn. It underscores the need for the budget to keep demonstrating the EU’s solidarity with Ukraine and to tackle associated crises. The Council argues the budget must be grounded in real needs, practise careful fiscal planning, and retain adequate headroom under the multiannual financial framework (MFF) ceilings to manage unexpected events and confront the Union’s challenges, while still allocating sufficient funding to deliver EU policies and programmes and to honour existing commitments on schedule. It also notes that the draft budget reflects the agreement reached on revising the EU’s multiannual financial framework (MFF 2021–2027)...

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