Recently, the European Commission submitted a budget proposal for 20 14-2020 to the European Parliament, in which the education budget increased the most, from 8.76 billion euros to 152 billion euros, with an increase of 7 1%. The EU's fiscal revenue mainly consists of two parts: the share paid by each member country in proportion to its GDP and the direct income such as unified collection of EU industrial and commercial value-added tax. The total budget expenditure of the European Commission in the seven-year period of 20 14-2020 is 1025 million euros, an increase of 5% over the previous budget, and the annual financial expenditure accounts for about 1.05% of the EU GDP in that year. At present, EU education and training funds are mainly used in the following aspects: Erasmus plan to promote international exchange of higher education, Leonardo da Vinci plan to promote transnational flow of vocational education, Comenius plan to promote teacher training and Grundtvig plan to pay attention to adult education. In addition, there are the Youth Action Plan and Erasmus World Plan aimed at providing more opportunities for informal training and educational exchanges with non-EU countries. In recent years, with the increasing popularity of international mobility among students, the number of people applying for various international study grants has been increasing, resulting in a decrease in the amount of scholarships per student. In most countries that have joined the Erasmus program, the strong demand greatly exceeds the ability of the EU to provide scholarships. European Commission President Barroso and Commissioner for Education, Culture and Youth Vasiliu stressed on different occasions that the new budget is excellent news for young people. Investing in education and youth means investing in the future economic growth of Europe. Vassiliou said: "At present, about 400,000 European youths have benefited from EU- supported overseas research, training and volunteer service projects, but the quota still cannot meet the actual needs. The increased funding means that it can support the learning needs of more than 300,000 young people every year. " At the same time, the European Commission put forward "Education Europe", which is a comprehensive plan in the fields of education, training and youth, with the aim of rationalizing and simplifying the application, monitoring and evaluation procedures of existing projects. The "Education Europe" plan includes three key priority areas: supporting the mobility of transnational learning; Promote global cooperation between educational institutions and industries to promote the modernization of education, innovation and entrepreneurship; Provide policy support, collect examples about the benefits of education investment, and help member countries implement effective policies.