EPRS Admin By / November 20, 2023

2024 budget

Source: European Parliament

2024 budget, € millions, current prices

For the 2024 budget, commitment appropriations were agreed at €189.4 billion (+1.6 % compared to the 2023 budget, including amending budgets (ABs) 1-3 and DAB 4), leaving a margin of €360.1 million beneath the MFF ceilings for 2024. The overall level of payment appropriations was set at €142.6 billion (-13.7 % compared to the 2023 budget, including ABs 1-3 and DAB 4), leaving a margin of over €31 billion.
The 2024 EU budget includes an overall net increase of almost €112 million above the draft budget, including Amending letter 1/2024. On its main political priority programmes, Parliament obtained reinforcements of over €660 million compared to the Commission’s draft budget.
Particularly noteworthy are the increases for humanitarian aid (€250 million); the EU’s southern and eastern neighbourhood under the Neighbourhood, Development and International Cooperation Instrument (NDICI – Global Europe) (€150 million); the Horizon Europe research programme (€85 million, including €25 million for health research); Erasmus+ (€60 million in particular for students from disadvantaged backgrounds); the Connecting Europe Facility (€30 million); support for young farmers (€20 million); and the LIFE programme (€20 million).


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