The EU has agreed on the 2027 budget, allocating 300 million euros more for research and security

The European Parliament and Council reached a preliminary agreement on the 2027 budget, maintaining the original proposal of the European Commission without cuts. The budget totals €199.7 billion in commitments and €211.5 billion in payments, with additional funding for key programs like Horizon Europe and Erasmus+. Security and migration also receive increased allocations, including €1.1 billion for migration management. The agreement marks the conclusion of the current multiannual financial framework, with discussions for the next budget period already underway. Approval from both the Council and Parliament is required, with votes scheduled for late November.