Parliament's reading of the 2022 EU budget

At a Glance 14-10-2021

During the October II plenary session, the Parliament is due to vote on amendments to the Council's position on the draft EU budget for 2022. The 2022 budget is the second under the 2021-2027 Multiannual Financial Framework (MFF). It is also the second year of the EU Recovery Instrument, Next Generation EU (NGEU), planned to run for the years 2021 to 2023. The report of the Committee on Budgets reverses all the reductions proposed by the Council to the Commission’s budget. Furthermore, it proposes a considerable increase in contributions of the 2022 budget to Parliament's priorities, in particular the recovery from the Covid 19 crisis. The BUDG report sets the 2022 EU budget at €171.8 billion in commitments. For payments, it proposes almost €172.47 billion.