EU Parliament and Council agree 199.7 billion euro budget for 2027

A deal on the last annual budget

Negotiators for the European Parliament and the Council of the EU reached agreement early on Wednesday, 11 November, on the bloc's budget for 2027. The deal sets commitments at 199.7 billion euros and payments at 211.5 billion euros. It is the seventh and last yearly budget of the 2021-2027 multiannual financial framework, the EU's long-term spending plan. Both institutions still have 14 days to formally approve the agreement before it can be adopted.

The Council said about 710 million euros stays available under the current framework's spending ceilings, so the EU can respond to unforeseen needs. Ireland holds the Council presidency, and Tánaiste Simon Harris served as the chief Council negotiator. Harris said the budget must 'strike the right balance' so the EU can act decisively without placing extra burden on national budgets and taxpayers.

Where the money goes

The joint statement of the two institutions, as reported by Observador, puts cohesion, resilience and values at 75.8 billion euros in commitments, the largest share, while Digi24 printed 75.7 billion. Natural resources and the environment follow with 57.1 billion euros, and the single market, innovation and digitalisation receive 22 billion. The neighbourhood and the wider world get 15.5 billion, European public administration 13.9 billion, migration and border management 5.8 billion, and security and defence about 3.1 billion. The budget also holds 650 million euros for the Ukraine Support Loan and 5.9 billion euros for special instruments. Digi24 reports 1.1 billion euros in additional funding for migration management.

Cohesion, resilience and values75.8

Natural resources and environment57.1

Single market, innovation and digitalisation22

Neighbourhood and the world15.5

European public administration13.9

Migration and border management5.8

Security and defence3.1

Cohesion, resilience and values

75.8 EUR billion

Natural resources and environment

57.1 EUR billion

Single market, innovation and digitalisation

22 EUR billion

Neighbourhood and the world

15.5 EUR billion

European public administration

13.9 EUR billion

Migration and border management

5.8 EUR billion

Security and defence

3.1 EUR billion

Data from the article text

Parliament's extra money

MEP Siegfried Mureșan announced the deal on Facebook on Wednesday after hours of talks. He wrote that Parliament won 300 million euros more for its priorities than the Commission's updated proposal.

“After hours of negotiations, we reached an agreement with the representatives of the Council and the European Commission on the EU budget for 2027.”

According to Mureșan, the agreement adds 22.5 million euros for transport and energy links, 14 million for Erasmus+ and 21.5 million for Horizon Europe. It also provides 2 million euros more for young farmers and 5 million for promoting European farm products. On safety, he listed 25 million euros for border management, 10 million for internal security and 10 million for military mobility. Parliament had requested 1.17 billion euros above the Commission's proposal. Mureșan urged Romania to use the funding through well-prepared projects.

Transport and energy links22.5

Erasmus+14

Horizon Europe21.5

Young farmers2

Promotion of European farm products5

Border management25

Internal security10

Military mobility10

Transport and energy links

22.5 EUR million

Erasmus+

14 EUR million

Horizon Europe

21.5 EUR million

Young farmers

2 EUR million

Promotion of European farm products

5 EUR million

Border management

25 EUR million

Internal security

10 EUR million

Military mobility

10 EUR million

Data from the article text

The fight over 2028-2034

Talks on the next multiannual framework, covering 2028 to 2034, remain far apart. Spiegel reports that member states want to agree by the end of the year, a goal it calls very ambitious. TheJournal says the Commission proposed close to 2 trillion euros for the period, while Spiegel cites a 1.826 trillion euro proposal on the table, which Chancellor Friedrich Merz (CDU) rejects as unacceptable while demanding cuts of several hundred billion. In October, Ireland presented a draft negotiating box of 1.62 trillion euros, a 30% increase on the current framework, and outlined overall savings of 8% (141 billion euros) against the Commission's proposal. A group led by France, the 'friends of cohesion', wants more spending on competitiveness, technology and defence, while the 'frugals', led by Germany, take a different view. Spiegel adds that Germany, the largest net contributor, supplies almost a quarter of the funds.

What happens next

The agreement still needs formal confirmation from the member states and the European Parliament, which Spiegel describes as a formality. Both bodies have 14 days to approve it. The European Commission welcomed the deal and said the 2027 budget is the last of the current framework, with payments reaching 211.5 billion euros.