Successful conclusion of the current Multiannual Financial Framework: agreement on the final annual budget

The Commission welcomes the agreement reached between the European Parliament and the Council of the European Union on the EU’s annual budget for 2027. With this agreement on the final annual budget under the EU’s Multiannual Financial Framework for the period 2021–2027, we bring to a close a programming period marked by unprecedented crises, such as a global pandemic, an energy crisis, rising inflation, the return of war to the European continent and the conflict in the Middle East; all these factors have transformed Europe’s economic and security landscape.

To address the challenges posed by the current geopolitical situation, the EU’s annual budget for 2027 includes significant support for Ukraine, both through the Ukraine Facility and the Ukraine Support Loan. Support for well-established priorities, such as cohesion, agriculture, competitiveness, research and innovation, asylum and migration, security, defence and the European Union’s role in the world, is also maintained.

The budget provides robust support to Member States and regions at a time when cohesion programmes are in full swing, resulting in a higher volume of payments, totalling 211,500 million euros. This will provide targeted and increased funding for the Union’s priorities in the areas of competitiveness, defence, affordable housing, water resilience and the energy transition. Funding for agriculture also remains at a high level, even at a time of high energy and fertiliser prices.

In the first full year of implementation of the Pact on Migration and Asylum, Member States will have €1.1 billion in additional funding for migration management.

The EU’s annual budget for 2027 allocates the following amounts to the EU’s various priorities:

Policy area	Commitment appropriations (in millions of euros)
1. Single Market, innovation and digitalisation	22 007.5
2. Cohesion, resilience and values	75 764.9
— Economic, social and territorial cohesion	58 483.6
— Resilience and values	17 281.3
3. Natural resources and the environment	57 113.4
— Of which, market-related expenditure and direct payments	40,414.7
4. Migration and border management	5 811.6
5. Security and Defence	3,078.5
6. The Neighbourhood and the World	15,537.9
7. European Public Administration	13,869.7
Loan to support Ukraine	650.0
Special thematic instruments	5,874.1
Total appropriations	199,707.5

Next steps

The annual budget for 2027 must be formally approved by the Council of the European Union and the European Parliament. The plenary vote, which will conclude the process, is scheduled for 24 November 2026.

Background

The EU’s annual budget for 2027 includes expenditure covered by appropriations within the long-term budgetary limits, financed from own resources. The draft budget proposes two figures for each programme: commitments and payments. ‘Commitments’ refer to funding that may be agreed through contracts in a given year, and ‘payments’ refer to money actually disbursed. All amounts are expressed in current prices.

The annual budget for 2027 is the last to be drawn up under the current Multiannual Financial Framework (MFF). It will ensure the funding of key EU programmes, pending the adoption of the next long-term budget, the 2028–2034 MFF.

 

More information: European Commission