European Union reaches agreement on 2027 budget of nearly 200 billion euros

The European Union has reached an agreement on the budget for 2027, totaling €199.7 billion in spending authorizations. This budget aims to ensure ongoing funding for strategic policies and respond to geopolitical and economic disruptions. Key allocations include €75.8 billion for territorial cohesion, €57.1 billion for natural resources and the environment, and €22 billion for the single market and digital transformation. Additionally, €15.5 billion is designated for external relations and international cooperation.