The European Parliament and the Council of the European Union have reached an agreement on the EU budget 2027, following a demanding negotiating process that lasted more than 24 hours.
The talks focused on bridging significant differences and overcoming deadlocks that threatened to derail an agreement. Cypriot MEP Michalis Hadjipantela (DISY/EPP), who served as the European People’s Party’s rapporteur for the budget, played a leading role in the negotiations.
His efforts focused on securing the resources needed for the smooth operation of EU institutions, while strengthening key areas linked to security and the bloc’s future preparedness.
Hadjipantela’s contribution was acknowledged during the negotiations. He received congratulations for his role from European Commissioner for Budget Piotr Serafin, the Council’s chief negotiator Simon Harris, and European Parliament President Roberta Metsola.
Security, technology and new investment
Particular emphasis was placed on securing additional funding for cybersecurity, the physical security of EU delegations around the world, and the development and use of new technologies, including artificial intelligence.
Commenting on the importance of adequate funding for EU institutions, Hadjipantela stressed that their effective operation required continuous efforts to improve efficiency, as well as sufficient resources and capabilities to fulfil their missions for the benefit of European citizens.
“Our responsibility is to ensure that Europe has the necessary means to meet its commitments, both today and in the future,” he said.
€300 million in additional funding
The agreement provides for an additional €300 million for key European priorities. The allocations include:
- €21.5 million for research and innovation through the Horizon Europe programme.
- €22.5 million for European transport and energy networks.
- €14 million for the Erasmus+ programme.
- €7 million for the European Agricultural Guarantee Fund.
- €10 million for the LIFE programme, supporting environmental protection and climate action.
- €13.5 million for the Civil Protection Mechanism.
- €30 million for migration, asylum and border management.
- €10 million for military mobility.
- €39 million for countries in the Southern and Eastern Neighbourhood.
- €30 million for humanitarian aid.
The EU budget 2027 provides for €199.7 billion in commitments for European programmes and activities, while projected payments amount to €211.5 billion.
Formal approval still pending
The agreement is preliminary and must still receive formal approval from the relevant EU institutions.
It will be discussed by the European Parliament’s Committee on Budgets on 19 November before being put to a vote in the plenary during the November session in Strasbourg.
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