EU BUDGET 2018 APPROVED: SUPPORT FOR YOUTH, GROWTH, SECURITY

  Parliament reversed the Council’s €750 million cuts in the area of “growth and jobs”,
  and secured an increase for the Youth Employment Initiative of €116.7 million in
  commitment appropriations, raising the total to €350 million, to help young people
  desperately seeking a job. Furthermore, MEPs succeeded in securing new resources,
  on top of the Commission’s budget proposal, for programmes they consider key to boosting
  growth and jobs, namely Horizon 2020 (research programmes, an increase of €110 million)
  Erasmus+, (an additional €24 million) and COSME (support for SMEs, up by €15 million).

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