Details of EU spending for 2025 have leaked online. And European media report that the EU has significantly reduced its budget. Gazeta reports this.
The European Commission announced on Saturday 16 November that an agreement had been reached between the European Parliament and the Council of the European Union on the annual budget for 2025.
“The agreement reached between fellow legislators strikes a good balance between Europe’s urgent financial needs and the continuity of the programs that Europe is promoting,” – confirmed the European Commissioner for Budget and Finance Johannes Hahn.
The media reports that the EU budget next year will be 199.4 billion euros.
“The budget will provide financial resources to implement the EU’s political priorities and address urgent crises, starting with helping to support the recent floods that affected several Member States.” – informs the European Commission.
The approved budget is also part of the so-called multiannual financial system of a united Europe. The program was created to carry out EU spending systematically and within the limits of available, rather than borrowed, resources. Next year’s budget has been slightly modified to include funds for “strong and predictable support for Ukraine, strengthening financing for European competitiveness through the Strategic Technology Platform for Europe (STEP), counteracting the impact of the crisis in the Middle East and migratory pressure”.
The majority of the funds will be used for EU cohesion and resilience policies. 78 billion euros are allocated for these purposes. The biggest EU spending also includes climate policy (€57 billion), investment in the single market and digitalisation (€21 billion), expanding trade relations (€16 billion) and EU governance spending (13 billion euros). Smaller amounts will be allocated to security and defense (€3 billion) and migration and border management (€5 billion).
