Under the deal, the EU will create a single eurozone budget for investment and the promotion of economic convergence within its 19 member states. The bill also covered banking provisions and immigration, with Merkel and Macron announcing efforts for greater solidarity among EU states to coordinate European responses and reduce the number migrants entering the zone. The efforts will include strengthening the EU migration agency and reducing the number of EU commissioners.
Source: Merkel, Macron announce plans for new eurozone budget | News | DW | 19.06.2018