EU budget 2021-27

EU recovery fund

Agreement To Unlock The EU Recovery Fund, But Conditions Remain Uncertain

After four months of negotiations, the Council and the European Parliament agreed yesterday the new 2021-2027 budgetary framework. Although the full breakdown is not known, the budget will mobilise more than 1.8 trillion euros during this period. In addition, both bodies agreed to unblock the Next Generation EU programme. The accord includes reinforcing with an extra €15 Bn the funding of key programmes such as EU4Health, which will triple its previous budget, Erasmus+ or Horizon Europe (R&D).