On 7 June 2022, the European Commission proposed a budget for the year 2023, consisting of €185.6 billion plus €113.9 billion in grants from the NextGenerationEU instrument. This budget responds to the European ambition to develop more strategic autonomy.
The budget reflects the EU’s policy priorities, which are key to ensuring a sustainable recovery and strengthening Europe’s resilience. To this end, the Commission proposes to allocate the following amounts (in commitment appropriations):
- 53.6 billion euros for the Common Agricultural Policy and €1.1 billion for the European Fund for Maritime Affairs, Fisheries and Aquaculture;
- 46.1 billion euros for regional development and cohesion;
- 13.6 billion euros for research and innovation, including €12.3 billion for Horizon Europe;
- 4.8 billion euros for human capital, social cohesion and values;
- 2.3 billion euros for environment and climate action;
- 2.2 billion euros for space spending;
- 2.1 billion euros for the protection of our borders;
- 1.6 billion euros for spending on migration;
- 1.2 billion euros to meet defence challenges;
- 927 million euros to ensure the proper functioning of the single market;
- 732 million euros for the EU Health Programme;
- 689 million euros for security, including €310 million for the Internal Security Fund (ISF).
EU budget 2023: Empowering Europe to continue shaping a changing world