Annual EU budget 2024

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Publication Date 2023
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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.

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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.

Related Links
Commentary and Analysis
European Parliamentary Research Service (EPRS): EP Think Tank Blog, 06/06/2023: EU budget 2024

EurActiv, 07/06/2023: European Commission proposes €189.3 bln for 2024 EU budget
Politico, 07/06/2023: Hands off our money! Parliament and top EU court resist budget cuts
Agriland, 07/06/2023: CAP allocation to increase to €53.8bn in EU 2024 draft budget

European Commission: Annual EU budget 2024
General Secretariat of the Council: Policies: EU budget for 2024
European Parliament: European Parliament: Committee on Budgets: Budgetary Procedure 2024
Council of the European Union: Press Release, 14/03/2023: Budget 2024: Council agrees on its guidelines for the establishment of next year’s EU budget
Renew Europe EP Group: Newsroom, 28/03/2023: No European budget to fund border walls
European Parliament: Legislative Observatory: Procedure File for Resolution on Impact on the 2024 EU budget of increasing European Union Recovery Instrument borrowing costs (2023/2037(BUI))
European Parliament: Press Release, 10/05/2023: Repaying the recovery plan: 2024 EU budget under pressure
European Commission: Press Release, 07/06/2023: EU budget 2024: Enabling Europe to address its priorities
European Commission: Questions and answers on draft annual budget 2024 (7 June 2023)
S&D EP Group: Newsroom, 07/06/2023: S&Ds: EU budget 2024 does not suffice for the problems of Europeans!
EUR-LEX: OJ C 317, 07/09/2023: Council Decision adopting the Council's position on the draft general budget of the European Union for the financial year 2024

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