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European Parliament Committee on Budgets

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Committee on Budgets
AbbreviationBUDG
TypeStanding committee
LegislatureEuropean Parliament
Parliamentary term10th European Parliament
ChairJohan Van Overtveldt
ECR, Belgium
Vice-ChairsMonika Hohlmeier (EPP)
Giuseppe Lupo (S&D)
Janusz Lewandowski (EPP)
Lucia Yar (Renew)
Members40
Political compositionEPP: 10 · S&D: 8 · PfE: 6
ECR: 4 · Renew: 4 · Greens/EFA: 3
The Left: 3 · ESN: 1 · NI: 1
JurisdictionThe Budget of the European Union, the Multiannual Financial Framework and the European Union's financial resources
WebsiteOfficial website

The Committee on Budgets (BUDG) is a standing committee of the European Parliament. It is responsible for Parliament's work on the European Union budget, the Multiannual Financial Framework and the Union's system of financial resources.[1]

Responsibilities

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The committee prepares Parliament's position on the annual budget of the European Union and on the Multiannual Financial Framework, which sets the limits and broad priorities for EU expenditure over a period of several years. It also examines proposals concerning the Union's own resources and other financial measures connected with the implementation of EU policies.[2]

Its remit includes:

  • the revenue and expenditure of the European Union and the annual budgetary procedure;
  • the Multiannual Financial Framework;
  • the Union's system of own resources;
  • the financial implications of legislative proposals and other measures adopted by the European Parliament;
  • transfers of appropriations and other decisions concerning the implementation of the budget;
  • the budgets and financial arrangements of EU institutions and bodies, except where responsibility lies with another committee; and
  • relations with the other institutions involved in the EU budgetary process.[2]

The committee works closely with the Council of the European Union and the European Commission during the annual budgetary procedure. Parliament and the Council jointly determine the annual budget, within the ceilings established by the Multiannual Financial Framework.[1]

Chairs

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The following table lists the chairs of the committee since 2014.

Name Political group Member state Took office Left office
Jean Arthuis ALDE France France 7 July 2014 1 July 2019[3]
Johan Van Overtveldt ECR Belgium Belgium July 2019 Incumbent[4]

Members

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10th Parliament, 2024–2029

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The committee consists of 40 full members. Its current composition is shown below, with the chair and vice-chairs indicated in italics.[4]

European People's Party Progressive Alliance of Socialists and Democrats European Conservatives and Reformists Renew Europe
Patriots for Europe Greens–European Free Alliance The Left Europe of Sovereign Nations
Non-Inscrits

Substitute members

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Research support

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The committee's work is supported by the research services of the European Parliament. These services provide studies, briefings and other analyses concerning the annual budgetary procedure, the Multiannual Financial Framework, the Union's own resources and the financial implications of EU policies.[5]

Publications prepared for the committee are made available through its online database of supporting analyses and through the European Parliament's Think Tank. The database is updated as new studies and briefings are published.[6]

See also

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References

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  1. 1 2 "About the Committee on Budgets". European Parliament. Retrieved 10 July 2026.
  2. 1 2 "Powers and responsibilities of the Committee on Budgets". European Parliament. Retrieved 10 July 2026.
  3. ↑ "Committee on Budgets". European Parliament. Retrieved 10 July 2026.
  4. 1 2 3 "Members – Committee on Budgets". European Parliament. Retrieved 10 July 2026.
  5. ↑ "Supporting analyses". European Parliament. Retrieved 10 July 2026.
  6. ↑ "Latest documents – Supporting analyses – BUDG". European Parliament. Retrieved 10 July 2026.
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