Commissioner Oettinger travels to the Netherlands to discuss EU's next long-term budget
Capital expenditures required to minimize lost water to leaks within the village water system is another potential long-term budget
In May 2018, the European Commission presented proposals for an ambitious new Erasmus programme, seeking to double the budget to 30 billion euro (USD 34 billion) in the EU's next long-term budget
for the period 2021-2027.
A measure of the difficulty was an earlier statement by European Budget Commissioner Gnther Oettinger, who tried to sound optimistic as he said he sees a "50-50" chance of the EU reaching a long-term budget
deal before European Parliament elections next May.
(Congressional Budget Office2018 Long-Term Budget
But consensus on long-term budget
issues remains elusive there as well.
Britain's departure will also leave a big hole in the bloc's next, long-term budget
and the European Commission's Wednesday proposal will now be discussed by all the remaining 27 EU states and the European Parliament.
Britain could also end up tied to new EU spending programmes such as the Common Agricultural Policy without having a say over how they are designed or spent once Brussels' new long-term budget
comes into effect on January 1, 2021.
A lack of a stable, long-term budget
from the federal government also could ground the work they do there.
Fergus Laird, head of investment at Naylors, said: "Our client had a specific requirement for a long-term budget
Pointing to the need to appropriately support current combat operations and to maintain a technological advantage over sophisticated potential adversaries, NDIA is asking for long-term budget
stability to provide our military with "adequate and stable funding that ensures the ability to respond to contingencies now and prepare for those that may lie in our future " as its first priority.