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EU budget for 2023

EU budget  for 2023
07 June 2022

The Commission has today proposed an annual EU budget of €185.6 billion for 2023, to be complemented by an estimated €113.9 billion in grants under NextGenerationEU. The EU budget will continue to mobilise significant investments to boost Europe's strategic autonomy, the ongoing economic recovery, safeguard sustainability and create jobs. The Commission will continue to prioritise green and digital investments while addressing pressing needs arising from recent and current crises.

The draft budget 2023, boosted by NextGenerationEU, is designed to respond to the most crucial recovery needs of EU Member States and our partners around the world. These financial means will continue to rebuild and modernise the European Union and strengthen Europe's status as a strong global actor and reliable partner.

Additional proposals to finance the impact of the war in Ukraine both externally and internally will be tabled later in the year, on the basis of a more precise needs assessment, as per the European Council conclusions of 31 May 2022.

The Commission is proposing to allocate, for instance:

  • €103.5 billion in grants from NextGenerationEU under the Recovery and Resilience Facility (RRF);
  • €53.6 billion for the Common Agricultural Policy and €1.1 billion for the European Maritime, Fisheries and Aquaculture Fund;
  • €13.6 billion for research and innovation, of which €12.3 billion for Horizon Europe;
  • €4.8 billion for European strategic investments, of which €341 million for InvestEU, €2.9 billion for the Connecting Europe Facility, and €1.3 billion for the Digital Europe Programme;
  • €4.8 billion for people, social cohesion, and values, of which €3.5 billion Erasmus+;
  • €2.3 billion for environment and climate action, of which €728 million for the LIFE programme, and €1.5 billion for the Just Transition Fund;
  • €2.2 billion for spending dedicated to space, mainly for the European Space Programme;
  • €2.1 billion for protecting our borders, of which €1.1 billion for the Integrated Border Management Fund (IBMF);
  • €1.2 billion to address defence challenges, of which €626 million for the European Defence Fund (EDF);
  • €927 million to ensure the functioning of the Single Market, including €593 million for the Single Market Programme;
  • €732 million for EU4Health, as well as €147 million to the Union Civil Protection Mechanism (rescEU);
  • €689 million for security, of which €310 million for the Internal Security Fund (ISF).

The draft budget for 2023 is part of the Union's long-term budget as adopted by the Heads of State and Governments at the end of 2020, including subsequent technical adjustments, seeks to turn its priorities into concrete annual deliverables. A significant part of the funds will therefore be dedicated to combatting climate change, in line with the target to spend 30% of the long-term budget and the NextGenerationEU recovery instrument on this policy priority.

Image © European Commission

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