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#EUBudget2021 - An annual budget focused on European recovery

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The Commission has proposed an EU budget of €166.7 billion for 2021, to be complemented by €211bn in grants and approximately €133bn in loans under Next Generation EU, the temporary recovery instrument aimed at mobilising investments and kick-starting the European economy. Together, the annual budget and Next Generation EU will mobilize significant investments in 2021 to address the immediate economic and social damage caused by the coronavirus pandemic, kick-start a sustainable recovery and protect and create jobs.

The budget is also fully in line with the commitment to invest in the future in order to achieve a greener, more digital and resilient Europe. Once adopted, this will be the first budget under the new 2021-2027 multiannual financial framework and the first annual budget proposed by President von der Leyen's Commission.

EU Budget Commissioner Johannes Hahn said: “In these extraordinary times, the European Commission's proposal mobilises unprecedented support. The annual budget 2021 will help hundreds of thousands of people, companies and regions to overcome the crisis and emerge stronger than before. To make it happen, we need an agreement on the long-term budget and Next Generation EU – a deal that will send a signal of confidence throughout Europe.”

The funding will help rebuild and modernize our Union, by fostering the green and digital transitions, creating jobs and strengthening Europe's role in the world. The draft budget for 2021 is based on the Commission's proposal for the EU's next long-term budget as put forward on 27 May 2020. Once the European Parliament and the Council agree on the MFF 2021-2027, including Next Generation EU, the Commission will adapt its proposal for the 2021 budget accordingly through an amending letter.

The full press release, Q&A and factsheet are available online. 

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