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EU budget and recovery: Agreement on €1.8 trillion package

Nov 11, 2020 | News

(10 November 2020) – The European has today welcomed the agreement between the European Parliament and EU Member States in the Council on Europe’s next long-term budget and NextGenerationEU, the temporary recovery instrument.

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Once adopted, the package of a total of €1.8 trillion will be the largest package ever financed through the EU budget.

It will help rebuild a post-COVID-19 Europe, which will be “greener, more digital, more resilient and better fit for the current and forthcoming challenges”.

Today’s agreement will allow to reinforce specific programmes under the long-term budget for 2021-2027 (including Horizon Europe, Erasmus+, EU4Health).

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