Yesterday on November 16th, the Commission reached an agreement on EU’s 2022 budget, for commitments of €169.5 billion and payments of €170.6 billion.

Here is an insight of the 2022 annual budget:

• €49.7 billion in commitments to support the recovery by boosting investments in economic, social and territorial cohesion;
• €12.2 billion for Horizon Europe, to support the EU’s research in areas such as health, digital, industry, space, climate, energy, and mobility;
• €613.5 million for the Single Market Programme, supporting competitiveness and SMEs, including in the tourism sector;
• €53.1 billion for the Common Agricultural Policy and €971.9 million for the European Maritime, Fisheries, and Aquaculture Fund;
• €839.7 million for the EU4Health programme to support the EU Health Union and to deliver a comprehensive response to the health needs of European citizens;
• €2.8 billion for the Connecting Europe Facility for an up-to-date, high-performance transport infrastructure to facilitate cross-border connections.

It still has to be approved by the Council of the EU and the European Parliament. The final vote will take place on November 24th. In parallel, EU countries will continue to rely on support from  the NextGenerationEU recovery instrument and the Recovery and Resilience Facility.

Commission welcomes agreement on EU Annual Budget 2022