On a proposal from Commission, European Parliament and the Council of the Euroean Union have reached an agrement on the EU budget for 2023. This agreement is for commitments of €186.6 billion, and payments of €168.7 billion.

Once adopted, the budget would allow the EU to mobilise significant funds to help mitigate the severe consequences of Russia’s war of aggression against Ukraine in the country but also in the southern neighbourhood and Member States. The budget agreed today will direct funds to where they can make the greatest difference, in line with the most crucial needs of the EU Member States and the EU’s partners around the world.

More concretely, it has been agreed to direct:

• 14.7 billion euro to support our neighbours and international development and cooperation
• 1.5 billion euro for the Asylum, Migration and Integration Fund and €956.8 million for the Integrated Border Management Fund to step up cooperation on external border management
• 3.0 billion euro for the Connecting Europe Facility for an up-to-date, high-performance transport infrastructure to facilitate cross-border connections
• 295.2 million euro for Military Mobility to improve civilian and military mobility
• 3.7 billion euro for Erasmus+ to invest in young people, including pupils and students fleeing Ukraine

Source: Commission welcomes agreement on EU Annual Budget 2023