Worldview Advisory
European Union

EU negotiators reach provisional deal on 2027 budget

The deal sets 2027 commitments at €199.7 billion and adds €300 million for priorities, pending formal approval by Parliament and Council.

Photo: Stephanie LeBlanc, Unsplash

What happened

Negotiators from the European Parliament and the Council reached a provisional agreement on the 2027 EU budget on Wednesday. European Parliament They set overall commitment appropriations for 2027 at €199.7 billion and payment appropriations at €211.5 billion. European Parliament Parliament negotiated an additional €300 million beyond the Commission's proposal for key EU priorities. European Parliament The deal restores Council cuts of €1 billion in commitments to the levels originally proposed by the Commission. European Parliament Funding was secured for programmes including Horizon Europe, Erasmus+, civil protection and neighbourhood policy. European Parliament

Around it

Austria has reportedly signalled a willingness to accept new EU-wide levies as part of the budget talks. Politico Europe

What comes next

The deal still has to be formally endorsed by the Council and Parliament. European Parliament

Sources

  1. European Parliament2027 EU budget deal: EP boosts research, energy networks and civil protection | News
  2. Politico EuropeAustria’s budget olive branch

More from the European Union

Worldview Advisory

Welcome to Worldview Advisory. We're a public affairs and capital markets advisory firm, focused on political risk for asset owners, investors, boards and executives. How can we help?