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Multiannual financial framework 2021-2027 and Next Generation EU

An infographic outlining the main areas of EU expenditure for the period 2021-2027.

EU expenditure for 2021-2027

All amounts in € billion (2018 prices) Total budget: 1824.3

  • Multiannual financial framework (MFF): 1074.3
  • Next Generation EU: 750

Climate and digital mainstreaming:

  • Climate: target 30% of spending across all programmes
  • Digital: priority across all programmes, and 20% of the Recovery and Resilience Facility

Single Market, Innovation and Digital: 143.4

  • Research and Innovation: 88.2
  • European Strategic Investments: 35
  • Single Market: 5.9
  • Space: 13.4

Cohesion, Resilience and Values: 1099.7

  • Regional Development and Cohesion: 290.6
  • Recovery and Resilience: 693
  • Investing in People, Social Cohesion and Values: 115.8

Natural Resources and Environment: 373.9

  • Agriculture and Maritime Policy: 350.4
  • Environment and Climate Action: 22.8

Migration and Border Management: 22.7

  • Migration: 9.8
  • Border Management: 12.7

Security and Defence: 13.2

  • Security: 4.1
  • Defence: 8.5

Neighbourhood and the World: 98.4

  • External Action: 85.2
  • Pre-accession assistance: 12.6

European Public Administration: 73.1

Main programmes and funds under the multiannual financial framework

All amounts in € billion (2018 prices)

Cohesion policy

TOTAL: 330.2

  • European Regional Development Fund (ERDF): 200.4
  • Cohesion Fund (CF): 42.6
  • European Social Fund + (ESF+): 88

Common Agricultural Policy (CAP)

TOTAL: 336.4

  • European Agricultural Guarantee Fund (EAGF): 258.6
  • European Agricultural Fund for Rural Development (EAFRD) 77.8

New and reinforced priorities

TOTAL: 335.5

Single Market, Innovation and Digital

  • Horizon Europe: 76.4*
  • Connecting Europe Facility (Transport, Energy, Digital): 18.4
  • European Space Programme: 13.2
  • Digital Europe Programme: 6.8
  • Single Market Programme: 3.7
  • InvestEU Fund: 2.8

Cohesion, Resilience and Values

  • Erasmus+: 21.7*
  • Creative Europe: 1.6
  • EU4Health: 5.1*
  • RescEU: 1.1
  • Justice Rights and Values: 0.8

Natural Resources and Environment

  • Just Transition Fund: 7.5
  • Programme for Environment and Climate Action (Life): 4.8

Neighbourhood and the World

  • Neighbourhood, Development and International Cooperation Instrument: 70.1
  • Humanitarian aid: 10.3*

Other 92.4

* of which €500 million from 2.5 billion reallocation from the margins agreed with the European Parliament. Note: An additional top-up of €12.5 billion over 2021–2027 is agreed with the European Parliament and allocated to: Horizon Europe, Erasmus+, EU4Health, Integrated Border Management Fund, Rights and Values, Creative Europe, InvestEU, NDICI. Top-ups will be mainly funded by revenue from competition fines and de-commitments.

Next Generation EU: fueling recovery and resilience

All amounts in € billion (2018 prices)

  • Horizon Europe: 5
  • InvestEU Fund: 5.6
  • REACT EU: 47.5
  • Recovery and Resilience Facility: 672.5
  • Union Civil Protection Mechanism (rescEU): 1.9
  • European Agricultural Fund for Rural Development (EAFRD): 7.5
  • Just Transition Fund: 10
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