SMART, SUSTAINABLE AND INCLUSIVE GROWTH FOR 2014-2020

Starting with general information about the EU multiannual financial framework and the European Union’s budget, the research paper attempts to respond to some questions of general interest regarding the activities financed through EU budget, the potential causes for a low absorption rate of funding in the current financing period and concludes with some measures needed to be taken to strengthen the absorption of funding for the next financing period, 2014-2020. Based on the main theme of the Europe 2020 strategy, smart, sustainable and inclusive growth, the article attempts to outline the important role of EU allocations for the period 2014-2020 for funding the growing number of policy in which EU can be more effective in the current context, after the economic and financial crisis. The paper presents the objectives of the Europe 2020 strategy and the targets for 2014-2020.