|Author (Corporate)||European Information Hub|
|Content Type||News, Overview, Policy-making|
Information Guide bringing together relevant documents and reports concerning the annual budget of the European Union (EU) for 2024. This budget is influenced by the overall Multiannual Financial Framework (MFF) 2021-2027 and the NextGenerationEU instrument.
The EU’s annual budget lays down all the European Union’s expenditure and revenue for one year. It provides for the funding of EU policies and programmes in line with the EU’s political priorities and legal obligations. The Council of the European Union adopted its guidelines for this annual budget on 14 March 2023. The plenary of the European Parliament adopted a Resolution concerning its Opinion on the budgetary estimates and guidelines on 10 May.
The European Commission submitted the documents concerning its own proposal for the 2024annual budget on 7 June, comprising a total of €189.3 million to be complemented by an estimates €113 billion in grants under NextGenerationEU. The aim is to support economic recovery and job creation, while strengthening the EU's strategic autonomy.
A Decision on the Council's position on the draft general budget was adopted on 5 September 2023.
|Subject Categories||Economic and Financial Affairs|
|Subject Tags||EU Budget|
|International Organisations||European Union [EU]|