Economic and Financial Affairs Council (Budget), 12 November 2021

Main results

The Council endorsed an agreement on the 2022 EU budget reached with the European Parliament. Total commitments are set at €169,5 billion and payments at €170,6 billion.

The deal reached in the conciliation committee today ensures a prudent and realistic budget for the next year, leaving enough resources under the headings’ ceilings to respond to possible future challenges.

We reached a well-balanced deal today, which is great news for the citizens. Next year’s EU budget dedicates enough resources to our priorities, and at the same time ensures sufficient fiscal space for unforeseen circumstances. The funding we agreed on today will underpin the recovery that is under way, and strongly support our climate and digital targets. Along this path, the 2022 budget will be complemented by the Next Generation EU funds. Ensuring that a properly functioning budget for the next year is agreed on in time and that taxpayers receive the best possible value for their money has been a priority for the Slovenian Presidency of the Council. Together with the Parliament and the Commission, we have worked long and hard to get it over the finish line.

Irena Drmaž, Slovenia’s Ministre Délégué for the negotiations of the EU budget

• 2022 EU budget: Council agrees its position (press release 14 July 2021)
• EU budget for 2022 (background information)