Cohesion policy in its current form has had positive impact on the socio-economic development of the EU, individual countries and regions. However, the Polish presidency points out that there is a need to improve the effectiveness of the mechanisms supporting the transformational objectives of cohesion policy. In the discussion of its future, there are ideas aimed at reforming the implementation mechanisms with the approach used in the implementation of the Recovery and Resilience Facility (RRF) implemented since 2021 as a response to the challenges arising from the COVID-19 pandemic and to support the transformation processes of economies.
The need for open and transparent budgetary processes has never been more critical. The multiannual financial framework (MFF) emerges as a crucial tool for aligning financial resources with the Union's long-term priorities. The EESC has highlighted significant gaps in the current MFF, including its limited scope in addressing contemporary challenges such as Europe's aging population and strained budgets due to inflation.
The EESC therefore explores a paradigm shift towards Open budgets in the EU –a framework that encompasses not only participatory budgeting but a broader spectrum of fiscal transparency and citizen engagement across all stages of the budget cycle. This approach is aimed at enhancing the responsiveness and effectiveness of EU budget allocations, thereby fostering a more resilient, inclusive, and democratic European economy.
The EESC underlines that youth participation mechanisms need to be transparent and that the interests and concerns of young people need to be considered at each stage of the policy-making cycle. It proposes that guidelines are set up to support the monitoring and dissemination of the EUYD (EU Youth Dialogue) outcomes and impact and that an online repository be set up where collected documents would be made available. It calls on the Commission and the Member States to support long-term, sustainable and well-functioning management of the EUYD, including the establishment of institutional memory and capacity building processes.
