11 Nov 2026
Council and EP reach agreement on 2027 EU budget
The Council and the European Parliament have reached agreement on the EU’s annual budget for 2027 - the seventh and final annual budget of the current Multiannual Financial Framework (MFF) 2021-2027.
The 2027 budget amounts to €199.7 billion in total commitments and €211.5 billion in total payments. €710.1 million has also been kept available this year under the expenditure ceilings of the current MFF, allowing the EU to react to unforeseeable needs.
Commitments are legal promises to spend money on activities whose implementation extends over several financial years. Payments cover expenditure arising from commitments made for the EU budget during current and preceding financial years.
The European Parliament and the Council now have 14 days to formally approve the agreement reached. The Council is expected to endorse it on 23 November 2026. Adoption of the budget requires a qualified majority within the Council.
For more information:
European Council - press release
Questions and answers on the agreement on the EU Annual Budget