EU budget 2022: Speeding up Europe's recovery and progressing towards a green, digital and resilient future
The Commission recently (08 June 2021) proposed an annual EU budget of €167.8 billion for 2022, to be complemented by an estimated €143.5 billion in grants under NextGenerationEU. Their combined firepower will mobilise significant investments to boost the economic recovery, safeguard sustainability, and create jobs. It will prioritise green and digital spending in order to make Europe more resilient and fit for the future.
Commissioner Johannes Hahn, responsible for the EU Budget, recently said:
“Today, we are putting forward unprecedented levels of financial support to reinforce Europe´s recovery from the health and economic crises. We will help the people, companies and regions that have been most affected by the pandemic. We will invest in Europe's resilience and its modernisation via the green and digital transition. Getting Europe back on track, speeding up its recovery and making it fit for the future are our main priorities!”
The draft budget 2022, boosted by NextGenerationEU, directs funds to where they can make the greatest difference, in line with the most crucial recovery needs of the EU Member States and our partners around the world.
The funding will help rebuild and modernise our Union, by fostering the green and digital transitions, creating jobs and strengthening Europe's role in the world.
Latest News from
Preliminary deal on €5 billion fund to mitigate the effects of Brexit18/06/2021 16:33:00
A five-billion-euro fund to overcome the consequences of the UK's withdrawal came a big step closer to adoption yesterday after the Council and the European Parliament reached a preliminary agreement on the draft regulation.
World Refugee Day: Joint Statement by the European Commission and the High Representative18/06/2021 15:25:00
World Refugee Day: Joint Statement given by the European Commission and the High Representative.
NextGenerationEU: European Commission endorses Denmark's €1.5 billion recovery and resilience plan18/06/2021 14:33:00
The European Commission yesterday adopted a positive assessment of Denmark's recovery and resilience plan.
Protocol on Ireland / Northern Ireland: Statement by the European Commission following the UK's request to extend the grace period for chilled meats18/06/2021 14:02:00
The European Commission yesterday received a request from the United Kingdom to extend a grace period concerning the movement of chilled meats from Great Britain to Northern Ireland, agreed within the context of the Protocol on Ireland / Northern Ireland.
State aid: Commission approves €166.7 million Greek public support for construction of LNG terminal in Alexandroupolis18/06/2021 13:25:00
The European Commission has approved, under EU State aid rules, a €166.7 million Greek support measure for the construction of a new liquid natural gas (“LNG”) terminal in Alexandroupolis, Greece.
EU asylum agency: Council agrees extended mandate for negotiations with the European Parliament18/06/2021 12:38:00
EU ambassadors recently (16 June 2021) extended the Council's negotiating mandate on the EU asylum agency regulation.
NextGenerationEU: European Commission endorses Greece's €30.5 billion recovery and resilience plan18/06/2021 11:33:00
The European Commission yesterday adopted a positive assessment of Greece's recovery and resilience plan.
Surcharge-free roaming – Council agrees its position on continuation and revision of the policy18/06/2021 10:38:00
The EU is preparing a law to ensure that people can continue to make calls, send text messages and surf on the web while travelling in other EU countries, without the fear of a shock when they get their bill, after the current roaming regulation expires on 30 June 2022.
Commission to invest €14.7 billion from Horizon Europe for a healthier, greener and more digital Europe18/06/2021 09:10:00
The Commission has adopted the main work programme of Horizon Europe for the period 2021-2022, which outlines the objectives and specific topic areas that will receive a total of €14.7 billion in funding.
State aid: Commission approves a Polish scheme to compensate large companies for damages suffered due to coronavirus outbreak and provide liquidity support18/06/2021 08:20:00
The European Commission has approved, under EU State aid rules, a Polish scheme to partially compensate large companies for the damages suffered due to the coronavirus outbreak and the restrictive measures implemented by the Polish government, while providing them with direct liquidity support through subsidised loans.