EU Budget and PPPs
Decision regarding the long-term financial resources is necessary in order to make the policy objectives of the EU a reality, and the Union must give itself the means to implement strategies for growth. Member States still represent the decisive actors when it comes to budgetary issues, while other institutions have become important players as a result of the entry into force of the Lisbon Treaty. Furthermore, several EU bodies have been putting forward substantial inputs to the debate on the future structure and the governance of the budget, including the European Commission and the Committee of the Regions. The EU Budget project, commissioned by the Committee of the Regions, addresses multiple issues related to the future budgetary resources of the Union. In particular, the EPC focuses on the relationship between EU spending and the principles of territorial cohesion and multilevel governance, while putting forward an analysis of the options for the next Multiannual Financial Framework (MFF).
The EPC is also working on a joint project with the European Investment Bank to look at the opportunities and potential drawbacks of Public Private Partnerships (PPPs), which can represent an effective delivery mechanism for the EU at a time when Europe is facing change, in the short and longer term, which challenges the sustainability of its economic, social and environmental model. Investment is needed in vital infrastructure, and PPPs are one possible way to facilitate this.