Commission welcomes agreement on EU Annual Budget 2023

15 Nov 2022 11:36 AM

The European Parliament and the Council of the European Union, on a proposal from the European Commission, yesterday reached an agreement on the EU budget for 2023. The agreement is for commitments of €186.6 billion, and payments of €168.7 billion. Once adopted, the budget would allow the EU to mobilise significant funds to help mitigate the severe consequences of Russia's war of aggression against Ukraine in the country but also in the southern neighbourhood and Member States. It would also support the ongoing sustainable recovery from the coronavirus pandemic, and protect and create jobs. It would trigger further investments into a greener, more digital and more resilient Europe, while protecting the most vulnerable in its neighbourhood and around the world.

The budget agreed yesterday will direct funds to where they can make the greatest difference, in line with the most crucial needs of the EU Member States and the EU's partners around the world.

More concretely, it has been agreed to direct:

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