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Agreement on EU Annual Budget 2022

Nov 16, 2021 | News

(16 November 2021) – Yesterday evening, the European Parliament and the Council of the European Union, on a proposal from the European Commission, have reached an informal political agreement on the EU budget for 2022.

© European Commission

The agreement is for commitments of €169.5 billion, and payments of €170.6 billion.

Once adopted, the budget would allow the EU to mobilise significant funds for a continued EU response to the coronavirus pandemic and its consequences; to kick-start a sustainable recovery and to protect and create jobs.

The agreement includes:

• €49.7 billion in commitments to support the recovery by boosting investments in economic, social and territorial cohesion;

• €53.1 billion for the Common Agricultural Policy and €971.9 million for the European Maritime, Fisheries, and Aquaculture Fund;

• €12.2 billion for Horizon Europe.

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