The European Commission announced on Saturday (November 16) that an agreement had been reached between the European Parliament and the European Council on the EU's annual budget for 2025. – The agreement reached between the co-legislators strikes a good balance between Europe's urgent financial needs and the continuity of the successful programs that drive Europe – said Johannes Hahn, Commissioner for Budget and Administration.
Agreed! The European Union has shortened its budget for next year
From the official one message it follows that The EU budget will amount to EUR 199.4 billion next year. “It will provide financial resources to implement EU political priorities and address urgent crises – starting by facilitating support for the recent floods that affected several Member States,” says the European Commission. They will still be in the budget as well money for flagship programs such as Horizon Europe and Erasmus+.
The budget is also part of the so-called multiannual financial framework. They were established to carry out Union expenditure in a systematic way and within the limits of its own resources. Next year's budget has been slightly changed to include funds for “strong and predictable support for Ukraine, strengthening financing for European competitiveness through the Strategic Technologies Platform for Europe (STEP), and countering the effects of the crisis in the Middle East and migratory pressure.”
The European Union budget has been agreed. We know the details of the expenses
The most money will be allocated to cohesion policy and strengthening the EU's resilience. 78 billion has been allocated for this purpose euro. Climate policy is also among the Community's largest expenditures (PLN 57 billion). euro), investments in the single market and digitalization (PLN 21 billion). euro) neighborhood policy, including trade (EUR 16 billion) and expenditure on EU public administration (EUR 13 billion). Smaller amounts will be allocated to: security and defense (EUR 3 billion) and migration and border management (EUR 5 billion).
– We continue to deliver on our political commitments and provide financial resources to meet the European Union's current and future challenges – the green and digital transitions, increasing the Union's resilience, addressing the consequences of aggression Russia to Ukraine and the continuing crisis in the Middle East – Johannes Hahn talked about the budget.
The annual budget for 2025 must now be formally adopted by the Council of the European Union and the European Parliament. The plenary vote, which will mark the end of the process, is scheduled for November 27, 2024. A qualified majority will be required, i.e. the consent of at least 15 out of 27 member states representing at least 65%. residents of the Union.