Total commitment and payment appropriations under the EU budget and NGEU in 2021 and 2022

As soon as the Member States had approved the new own-resources decision, the borrowing process undertaken by the Commission could start, with an average volume of €160 billion per year between mid-2021 and 2026. The Commission conducted its first borrowing operation on 15 June 2021 (see Section 3.2), and additional resources were introduced to the EU budget as external assigned revenue, as from 2021.
According to European Commission data, the resources under the NGEU (grant component) introduced to the 2021 budget totalled €164.6 billion in commitments (Figure 12). The estimated annual NGEU instalment for 2022 is slightly smaller and totals €143.5 billion. This represents about 34 % of total grants under the NGEU for the years 2021 to 2023 (€421 billion in current prices). The NGEU resources almost double the 2022 annual budget. The total commitments, both from the EU budget and from NGEU will reach €313 billion. In comparison with 2021, payment appropriations under both the annual budget and NGEU have increased, indicating that implementation is progressing.