European Commission Welcomes 2025 EU Budget Agreement Prioritizing Key Initiatives
Brussels (Brussels Morning) – The European Commission has expressed its approval of the newly agreed-upon 2025 EU budget, emphasizing its focus on political commitments, crisis response, and funding major projects like Horizon Europe.
The European Commission welcomed the agreement reached between the European Parliament and the European Council on the 2025 EU budget. The Commission noted that this budget will allow the EU to fulfill its political commitments, especially those outlined in the mid-term revision of the Multiannual Financial Framework (MFF). The total budget for 2025 is set at €199.4 billion.
Key Areas of Focus in the 2025 Budget
According to the European Commission, the 2025 EU budget will provide financial resources to support the EU’s political priorities and address urgent crises within the EU, such as the recent floods affecting several Member States. In addition, it will continue to fund important initiatives, including Horizon Europe and Erasmus+.
This is in addition to adjustments made earlier this year to the MFF ceilings, marking the first time such modifications have been implemented. The revised MFF ensures robust, reliable support for Ukraine, strengthens European competitiveness through the Strategic Technologies for Europe Platform (STEP), and responds to crises in the Middle East and growing migratory pressures.
The 2025 EU budget will be funded from its internal resources, adhering to the long-term budget ceilings. This will be supplemented by payments from the NextGenerationEU fund, which is financed through capital market borrowing. The budget distinguishes between two types of financial allocations: “commitments,” which refer to funding agreements in a given year, and “payments,” which refer to money that is actually disbursed. All figures are quoted in current prices.
Johannes Hahn, Commissioner for Budget and Administration, stated:
“We remain committed to delivering on our political promises and ensuring the necessary financial resources to address both current and future challenges. This includes facilitating the green and digital transitions, enhancing the EU’s resilience, mitigating the impact of Russia’s aggression in Ukraine, and responding to continued unrest in the Middle East. The agreement reached between the co-legislators strikes a healthy balance between Europe’s urgent funding needs and the continuation of successful programs that help drive Europe’s progress.”
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