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.
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”.