The Council of the European Union (EU) approved this Tuesday the community budget for 2023, of 186.6 billion euros, most of the funds intended for cohesion and agricultural policy and the single market, it was announced today.
In a statement, the structure in which the Member States are represented indicates that it “approved today the common project of the EU general budget for 2023, agreed in the negotiations with the European Parliament on November 14”.
“The qualified majority required for approval was reached today, which means that the Council gives the ‘green light’ to the EU budget for 2023”, explains the body.
At stake are total commitments set at 186.6 billion euros and total payments amounting to 168.6 billion euros.
As regards expenditure, the agreement reached between the co-legislators – the Council and the Parliament – allocates most of the funds to cohesion, resilience and values (EUR 70.59 billion), followed by natural resources and environment (57.26 billion euros) and the single market, innovation and digital (21.55 billion euros).
The remaining amount is divided between neighborhoods and the world (17.21 billion euros), European public administration (11.31 billion euros), migration and border management (3.73 billion euros), special instruments (2.86 billion euros) and security and defense (2.12 billion euros).
In all, the EU budget for 2023 is 186.62 billion euros, equivalent to 1.14% of the gross national income of the 27.
The adoption of the budget will be finalized by the European Parliament as soon as the European assembly also approves the agreement, which should happen on Wednesday, requiring formal approval by both institutions.