The European Commission has adopted a new draft EU budget for 2015 after negotiations between the European Parliament and the Council did not result in an agreement at the end of the budgetary conciliation period on November 17.

The new draft budget for 2015 foresees €145.2 billion in commitments (+1.8 per cent more than this year ) and €141.3 billion in payments (+0.7 per cent). The proposal has been sent to the European Parliament and the Council  with a view to continuing negotiations early next week.

"Our new budget proposal takes into account the views of the European Parliament and the Council, providing a sound basis for the renewal of negotiations", Kristalina Georgieva, vice-president for Budget and Human Resources said.

"It will hopefully pave the way for agreement on the 2015 EU budget and on the pending draft amending budgets for 2014, which we have proposed to help tackle the growing problem of unpaid bills. I've said it before and I'll say it again: this is not a budget for Brussels. Businesses, researchers, students, NGOs as well as towns and regions across the EU await the outcome of these talk for access to much needed funding."

The talks will cover the 2015 budget proposal and the draft amending budgets for 2014.