As soon as the formal procedures in the Member States approving the new own resources decision are finalised and the borrowing process is launched (see Section 3.2), the additional resources will be introduced to the 2021 budget as external assigned revenue. According to the indicative data, the 2021 tranche of NGEU will reinforce the annual budget with €285.15 billion of legal commitments (grants component). This represents about one third of the total NGEU for the years 2021 to 2023 (€809 billion, current prices). Figure 10 shows accumulated amounts under the 2021 budget and the NGEU (commitments and payments). In 2021, commitments based on both components can reach almost €450 billion, this is two and a half times EU expenditure in 2020. This significant injection of resources will be channelled to the Member States under the relevant programmes in the 2021 budget (Table 2). However, it should be stressed that the level of payments planned for 2021 under NGEU is significantly lower
Figure 10 – Comparison between the 2020 budget and the 2021 budget + NGEU
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