Preliminary agreement on EU budget for 2027 reached

The Council of the European Union (EU) and the European Parliament have previously agreed on the annual budget of the EU for 2027, the correspondent of the agency “Minsk-Novosti”.

The total cost of actual payments is set at EUR 211.5 billion.

As noted in the press service of the Council of the EU, under the agreement, 2.23 billion euros are pledged to finance military programs, and 650 million euros to support Ukraine. The bulk of funding for EU military initiatives and assistance to Kiev will go through extrabudgetary mechanisms.

The preliminary agreement on the annual budget does not resolve the issue of the seven-year budget of the EU for 2028-2034. The countries of the community have not yet reached a compromise on this document. This topic will be the main one at the extraordinary summit in Brussels, which is scheduled for November 26-27.