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EU budget

Overview

EU budget at a glance

EU budget amendments for 2017

Budget amendments serve to adjust the EU budget to new developments in the course of the year

EU budget for 2017

The work at the Council on the EU annual budget for 2017

How the EU budget works

Brief explanation of how the EU budget is adopted, amended, implemented and controlled

On 28 November, the Council gave its final go-ahead to the 2017 EU budget by approving the deal reached with the European Parliament on 17 November. The EU budget for 2017 was adopted on 1 December 2016, when the European Parliament confirmed the agreement.

The EU budget for 2017 sets the total level of commitments at €157.86 billion and of payments at € 134.49 billion

€157.86
billion for commitments
€134.49
billion for payments 

 

The 2017 EU budget leaves a leeway of €1.1 billion to react to unforeseen needs. Payments are set 1.6% lower than the 2016 EU budget after being aligned to real needs. 

Tackling the migration and refugee crisis

Almost €6 billion in commitments and hence around 11.3% more than in 2016 will be available to address the migration pressure and make the life of European citizens more secure. The money will be used to:

  • help member states to resettle refugees
  • create reception centres
  • integrate persons who have the right to stay and return those who don't
  • enhance border protection
  • stepping up crime prevention and counter terrorism activities
  • protecting critical infrastructure

Research and growth

€21.3 billion in commitments are mobilised to boost economic growth and create new jobs - this is an increase of around 12% compared to 2016. This part of the budget covers instruments such as Erasmus + which increases by 19% to €2.1 billion and the European fund for strategic investments which rises by 25% to €2.7 billion.

More money for young people

Besides the significant increase for Erasmus +, the 2017 EU budget also delivers on a number of other measures that benefit young people in particular. This includes the youth employment initiative for which an additional €500.00 million is available to help young people find a job. The 2017 EU budget also allows the Commission to start an initiative to help young people to travel and discover other European countries.

Agriculture

The 2017 EU budget also includes the €500.00 million aid package announced in July to support milk and other livestock farmers. 

 

A summary of the EU budget for 2017:

  Appropriations by headingbillion €
commitmentspayments

1. Smart and inclusive growth:

a) Competitiveness for growth and jobs

b) Economic, social and territorial cohesion

74.899

21.312

53.587

56.522

19.321

37.201

2. Sustainable growth58.58454.914
3. Security and citizenship4.2843.787
4. Global Europe10.1629.483
5. Administrative expenditure (for all EU institutions)9.3959.395
Special instruments:534390
Total appropriations           157.858134.490