The European Parliament on Wednesday adopted the European budget for 2016, which on request of parliamentarians foresaw more money for the first countries hit by the refugee wave, humanitarian aid, science and research, small and medium-sized enterprises and students participating in the Erasmus + program is the European Parliament.

The European Parliament and the Council agreed on 14. November budget for 2016. in the amount of 155 billion in commitments and 143,9 billion in real payments, which is about 1 as a percentage of European GDP.

The European budget is expressed in two ways, through commitments and actual payments. These obligations relate to funding programs that can take several years. Actual payments are funds that are paid in the current budget year.

For example, if the European Union decides to finance a bridge in a Member State for a specific amount, whose construction lasts for three years, that amount will not be paid in the same budget year in which the contract is concluded and will not be found in the budget under actual payment but as a liability . Part of the obligation will be paid in the first, part of the second year, and most of the time comes to an end when the project is over. So, in fact, the commitments are tomorrow's real payments, and actual payments are yesterday's commitments.

The Council formally adopted the budget on Tuesday, and Parliament at a plenary session in Strasbourg on Wednesday. The bill was signed by EP President Martina Schulz.

Budget for 2016. will substantially increase the capacity of the European Union to respond to the refugee crisis in and beyond its borders. More money is provided for assisting refugees in the neighborhood. The budget will also stimulate investment in competitiveness, growth and employment and recovery of the European economy, the European Commission points out.

The budget envisages more than € 4 billion to face a refugee crisis in the EU and the refugees coming from. This is the total amount for the refugee crisis 2015. and 2016. amounts to almost 10 billion. The deal includes 1,6 billions of euros more for the refugee crisis than the Commission originally proposed and respects most of the EP requirements.

"Refugees are not guilty, they are victims. We need additional resources to help them. Solidarity must be shown in practice, not just in words, "said budget reporter Jose Manuel Fernandes (EPP, Portugal).

Almost half of the money, 69,8 billion in commitments, is intended to stimulate growth, employment and competitiveness.

Two billion euros in commitments and 500 million in payments are foreseen for the Guarantee Fund of the European Investment Funds Fund (EFSI) at the European Investment Bank (EIB), which should mobilize additional investments in a real economy of at least 315 billion in the next three year, with emphasis on more risky projects.

The EU will strengthen competitiveness and foster research and innovation through programs such as Obzor 2020. (Horizon 2020) - 10 billion in payments, 11,6 percent more than 2015.

Parliament has increased funds for the Obzor 2020 program. (184,5 million) and the Connecting Europe Facility (Infrastructure Development) (150 million) to return funds borrowed from these Juncker Investment Plan. For small and medium enterprises, 14,3 million was secured more.

For Erasmus +, the European program for education, training, youth and sport, 1,8 billions of euros in payments are foreseen, 30 percent more than 2015. The program will help more than 4 million people to work and study in the EU to 2014. to 2020. Parliament secured an increase of 6,6 million euros.

The Parliament also convinced the Council and the Commission that 2016. to fund the Youth Employment Initiative (YEI).