Connect with us

European Council

EU budget for 2023: Council and Parliament reach agreement

SHARE:

Published

on

We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. You can unsubscribe at any time.

The Council and the European Parliament today reached agreement on an EU budget for 2023 which strongly focuses on the EU's main policy priorities.

Total commitments are set at €186.6 billion. This is an increase of 1.1% compared to the 2022 budget as amended. €0.4bn have been kept available under the expenditure ceilings of the multiannual financial framework for 2021-2027, allowing the EU to react to unforeseeable needs.

Total payments amount to €168.6bn, rising 1% from 2022.

Jiří Georgiev, Deputy Minister of Finance of the Czech Republic and chief Council negotiator for the 2023 EU budget

I welcome our agreement on next year's budget as it will allow us to focus on the EU's priority areas in a particularly volatile geopolitical context. It also ensures a realistic approach, taking into account the current economic situation, the interests of taxpayers and the need to cater for new challenges that may arise in 2023.Jiří Georgiev, Deputy Minister of Finance of the Czech Republic and chief Council negotiator for the 2023 EU budget

 2023 EU budget (in € million)
HeadingsCommitmentsPayments
1. Single market, innovation and digital21.54820.901
2. Cohesion, resilience and values70.58758.059
3. Natural resources and environment57.25957.456
4. Migration and border management3.7273.038
5. Security and defence2.1171.208
6. Neighbourhood and the world17.21213.995
7. European public administration11.31111.311
Special instruments2.8552.680
Total186.617168.649
Appropriations as % of GNI (gross national income)1,14%1,03%

Commitments are legally-binding promises to spend money on activities that are implemented over several years.

Payments cover expenditure arising from commitments entered into during the current or preceding years.

Background

The Commission, in its initial draft budget for 2023, set total commitments at €185.59bn and total payments at €166.27bn.

Advertisement

The Council, in its position adopted on 13 July 2022, set total commitments at €183.95bn and total payments at €165.74bn.

The Parliament, in its amendments voted in October 2022, set total commitments at €187.29bn and total payments at €167.61bn.

Also in October 2022, the Commission presented an amending letter to the draft budget, setting total commitments at €186.35bn and total payments at €168.66bn.

Adoption of the budget requires a qualified majority within the Council, in agreement with the European Parliament (legal basis: article 314 of the Treaty on the Functioning of the European Union).

Next steps

The Parliament and the Council now have 14 days to formally approve the agreement reached. The Council is expected to endorse it on 22 November.

Visit the meeting page

Share this article:

Share this:
EU Reporter publishes articles from a variety of outside sources which express a wide range of viewpoints. The positions taken in these articles are not necessarily those of EU Reporter. Please see EU Reporter’s full Terms and Conditions of publication for more information EU Reporter embraces artificial intelligence as a tool to enhance journalistic quality, efficiency, and accessibility, while maintaining strict human editorial oversight, ethical standards, and transparency in all AI-assisted content. Please see EU Reporter’s full A.I. Policy for more information.

Trending