16 Nov
minimum wages

Agreement reached on 2022 EU budget

The Council has reached today (16 November 2021) an agreement with the European Parliament on the 2022 EU budget, setting total commitments at €169,5 billion and payments at €170,6 billion.

Next year’s budget strongly reflects the EU’s main priorities: economic recovery, fighting climate change, and the green and digital transitions. It also leaves enough resources under the expenditure ceilings of the 2021-2027 multiannual financial framework to allow the EU to react to unforeseeable needs.

A well-balanced deal

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

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.

By: Estela Martín

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