Council of the European Union and Parliament reach agreement on EU budget for 2027 after nearly 24 hours of negotiations
On the morning of 11November, following nearly 24 hours of negotiations in Brussels, the Council of the European Union and the European Parliament reached an agreement on the next year's EU budget, the last under the 2021-2027 multiannual financial framework. Next year, EU budget will amount to EUR 199.7 billionin total commitments, and EUR 211.5 billionin total payments.
Minister of Finance of the Republic of Lithuania Taurimas Valys welcomed the final agreement reached between the European Parliament and the Council, which reflects Lithuania’s key priorities.
“It was important for Lithuania to secure sufficient funding for Cohesion Policy and agriculture, as well as the necessary resources for the decommissioning of the Ignalina Nuclear Power Plant and for the Connecting Europe Facility. It is encouraging that funding has been increased for areas of particular importance to Lithuania: transport and energy, border management, the Internal Security Fund, military mobility, and the Eastern Neighbourhood. For Lithuania, which shares borders with hostile states and faces hybrid threats, this is especially relevant. The outcome of the negotiations is significant not only for safeguarding Lithuania’s national interests but also for strengthening the EU’s overall resilience, security, and capacity to respond to emerging challenges,” Minister of Finance T. Valys commented.
In 2027, Lithuania is expected to receive approximately EUR 2.89 billion from the EU budget, while its contribution to the EU budget is projected to reach EUR 1 billion. The largest share of EU funds allocated to Lithuania comes from Cohesion Policy funds (approximately EUR 1.35 billion), followed by Common Agricultural Policy funds (about EUR 0.85 billion), the Connecting Europe Facility (about EUR 0.43 billion), and the Ignalina Nuclear Power Plant decommissioning programme (about EUR 0.15 billion).
As is usual, the largest portion of funding in the EU budget is allocated to key areas: Cohesion Policy (EUR 58.5 billion) and the Common Agricultural Policy (EUR 57 billion).
In the 2027 EU budget, significant focus is placed on programmes contributing to the EU Single Market, innovation, digitalization, and connectivity in the transport and energy sectors (EUR 22 billion); on activities within the scope of the EU’s neighbourhood and external action (EUR 15.5 billion); as well as on migration and border management (EUR 5.8 billion) and security (EUR 3.1 billion).
In the final agreement between the Council of the EU and the European Parliament – compared to the draft EU budget presented by the European Commission – it was agreed to allocate additional funding to specific programmes: EUR 21.5 million for Horizon Europe; EUR 17.5 million and EUR 5 million for the transport and energy sectors of the Connecting Europe Facility (CEF), respectively; and EUR 10 million for the LIFE programme. Furthermore, EUR 5 million is allocated to the Asylum, Migration and Integration Fund; EUR 25 million to the Integrated Border Management Fund (specifically the instrument for financial support for border management and visa policy); EUR 10 million each to the Internal Security Fund and military mobility; EUR 40 million to the Neighbourhood, Development and International Cooperation Instrument (comprising EUR 13 million for the Eastern Neighbourhood, EUR 26 million for the Southern Neighbourhood, and EUR 1 million for Moldova); and EUR 30 million for humanitarian aid.