EU Budget 2024: focus on research, youth, and external challenges
MEPs are set to approve a deal on next year’s EU budget aimed at addressing global challenges and supporting young people and research.
Parliament obtained better support, totalling almost €670 million in funding, for its priorities on top of what the Commission had initially proposed in its draft budget for 2024. Negotiations between Parliament, Council and the Commission ended with an agreement on Saturday 11 November.
The preliminary figures for 2024 are €189.4 billion in commitment appropriations and €142.6 billion in payment appropriations.
The increases MEPs achieved will include €250 million for Humanitarian Aid, €150 million for the Neighbourhood, Development and International Cooperation Instrument- Global Europe programme, €85 million for Horizon Europe, €30 million for transport infrastructure (Connecting Europe Facility), €60 million to Erasmus+, €20 million to LIFE, €20 million for young farmers, €10 million for the EU Civil Protection Mechanism, and €10 million for Military Mobility.
Read all the details in the press release.
Following the vote on Wednesday, the President of the European Parliament will sign the budget into law.
Procedure Code: 2023/0264(BUD)
Procedure: Budgetary
Debate: Tuesday 21 November
Vote: Wednesday 22 November