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The European Union has agreed on the form of the 2022 budget

The European Union has agreed on the form of the 2022 budget. The agreement covers commitments of € 169.5 billion.

The European Union has agreed on the form of the 2022 budget
Yazar: Tom Roberts

Yayınlanma: 18 Kasım 2021 11:35

Güncellenme: 18 Mayıs 2024 16:59

The European Union has agreed on the form of the 2022 budget

The European Commission has welcomed the political agreement on the EU budget for 2022 reached on Monday evening by negotiators from the European Parliament and the Council of the EU. The agreement covers commitments of € 169.5 billion and payments of € 170.6 billion. The negotiators discussed the budget proposed by the EC, which is the second annual budget in the financial period 2021-2027. Once adopted, the EU budget will make it possible to mobilize funds to continue the response to the corona crisis and its consequences, kick-start a sustainable recovery and protect and create jobs. It also counts on investing in a greener, digital and resilient Europe and on protecting the most vulnerable groups in the EU's neighborhood and around the world. In this context, EU Commissioner for Budget Johannes Hahn said that the political agreement on the 2022 budget confirmed that all EU institutions were ready to reach a compromise in the interests of a budget that would support recovery and the necessary transition, which should benefit everyone. Next year's budget agreement means setting aside € 49.7 billion in commitments to support recovery by increasing investment in economic, social and territorial cohesion. EUR 53.1 billion is earmarked for the common agricultural policy and EUR 971.9 million for the European Maritime, Fisheries and Aquaculture Fund. Horizon Europe will receive € 12.2 billion to support research in areas such as health, digitization, industry, space, climate, energy and mobility. Another € 613.5 million will go to the single market program to support competitiveness and small and medium-sized enterprises, including the tourism sector. The amount of EUR 839.7 million is earmarked for the EU4Health program to support the building of a health union and to provide a comprehensive response to the health needs of European citizens. The Fair Transformation Fund (JTF), created to ensure that the transition to climate neutrality works for all, will receive € 1.2 billion. EUR 755.5 million will go to the LIFE program to support environmental and climate action. The Connecting Europe Facility (CEF) will receive € 2.8 billion to build modern, high-performance transport infrastructure and facilitate cross-border connections. There is an agreement to allocate € 3.4 billion to the Erasmus + program for investment in young people, and € 406 million will enrich the cultural and creative sectors through the Creative Europe program. In the area of ​​migration, € 1.1 billion was allocated to the Asylum, Migration and Integration Fund (AMIF) and € 809.3 million to the Integrated Border Management Fund to intensify cooperation in the management of external borders, including € 25 million to protect border with Belarus. The Internal Security Fund (ISF) will receive € 227.1 million and € 945.7 million will go to the European Defense Fund (EDF) to support Europe's strategic autonomy and security. The EU wants to give € 15.2 billion in 2022 to support neighboring countries and international development and cooperation. The agreement includes a targeted increase for the Neighborhood, Development and International Cooperation Instrument (NDICI) - Global Europe (190 million), focusing on Afghanistan and Syria, as well as a humanitarian aid program (211 million) to address various crises around the world.
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