Parliament's reading of the 2023 EU budget

At a Glance 13-10-2022

During the October II plenary session, Parliament is expected to vote on amendments to the Council's position on the draft EU budget for 2023. The 2023 budget is the third under the 2021-2027 multiannual financial framework (MFF). It is also the third and last year of the Next Generation EU recovery instrument, designed to run for the years 2021 to 2023. The report of the Committee on Budgets (BUDG) reverses almost all the reductions proposed by the Council to the Commission's proposal. It also proposes a considerable increase in contributions from the 2023 budget to Parliament's priorities, in particular addressing the consequences of the war in Ukraine, the energy crisis, defence, research, humanitarian aid, Erasmus+, digitalisation and infrastructure. The BUDG report sets the 2023 EU budget at €187.3 billion in commitments. For payments, it proposes €167.6 billion.