New MFF and recovery package: Council presidency reaches political agreement with the European Parliament

12 Nov 2020

The European Commission has  welcomed on 10 November the agreement between the European Parliament and EU Member States in the Council on Europe’s next long-term budget and NextGenerationEU, the temporary recovery instrument. Once adopted, the package of a total of €1.8 trillion will be the largest package ever financed through the EU budget.

“Today’s agreement will allow to reinforce specific programmes under the long-term budget for 2021-2027 (including Horizon Europe, Erasmus+, EU4Health)” said Johannes Hahn European Commissioner in charge of the budget.

Read the full press release here.

In a tweet  Mariya Gabriel welcomed the additional €4bn for Horizon Europe, €2.2bn for Erasmus + and  €0.6bn for Europe creative. She added “ R&I, education, culture are crucial for the recovery”.