What is one function of the European Commission concerning the EU Budget?

The European Commission plays a key role in the development of the EU Budget by drafting it. This function is crucial because the Commission is responsible for proposing financial plans and allocations that align with the EU's priorities and policies. It gathers input from various sources, including member states and the European Parliament, to create a comprehensive budget proposal. This draft then serves as the foundation for discussions and negotiations among the EU institutions.

The process begins with the Commission assessing the financial needs for implementing EU policies and programs. By drafting the budget, the Commission sets out how much funding will be allocated to different areas, such as agriculture, regional development, research, and other vital programs. Therefore, the act of drafting is essential for the overall financial planning and governance within the EU, ensuring that financial resources are appropriately allocated to achieve the Union's objectives.