The Council of the European Union and European Parliament have reached a political agreement on the Union’s 2027 annual budget, the final yearly budget under the 2021–2027 financial framework.
The compromise sets commitments at €199.7 billion and payments at €211.5 billion. Commitments are legal promises that can support multi-year activity; payments cover expenditure falling due from present and earlier commitments. A further €710.1 million remains below the framework’s expenditure ceilings for unforeseen needs.
The largest commitment headings are cohesion, resilience and values at about €75.8 billion, and natural resources and environment at about €57.1 billion. The package also includes €650 million linked to the Ukraine support loan and about €5.9 billion in special instruments.
The agreement is not yet the adopted budget. Parliament and Council have 14 days to approve it formally, and the Council expects to vote on 23 November. Council adoption requires a qualified majority.
Official Council agreement and budget table
