22 Nov 2023
EP adopts EU budget for 2024
As the final step in the budgetary process, the European Parliament (EP) adopted the EU budget for 2024 on 22 November 2022. The Council had adopted it on 20 November 2023. The total budget for 2024 is €189.4 billion in commitments, payments are set at €142.6 billion.
The final budget is based on a deal with reached by the EP and the Council on 11 November 2023. Parliament had negotiated an additional €666.5 million on top of the European Commission's draft budget proposal. The increases include €85 million for Horizon Europe and €60 million for Erasmus+.
The 2024 budget was adopted with 519 votes to 79 and 30 abstentions.
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