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30 Nov 2017

EP and Council formally approve EU 2018 budget

The European Parliament and the Council have today formally approved the EU budget for 2018, with commitment appropriations for 2018 totalling €160.1 billion (an increase of 0.2% compared to the 2017 EU budget as amended over the past months), and payment appropriations €144.7 billion (an increase of 14.1% compared to 2017). In this context, the budget for Horizon 2020 has been increased by €110 million compared to the original budget proposal by the European Commission. This corresponds to an increase of 8.4% compared to 2017. The thematic priorities of the EU 2018 budget are to tackle migration and security, and to boost innovation, growth and employment in Europe.

For more information:

EP - press release

Estonian Council Presidency - press release 

European Council - press release

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