The Parliament focused on increasing funding for programmes and policies aimed at improving people's lives, boosting competitiveness and addressing defence challenges.
To boost competitiveness and improve cross-border infrastructure, Parliament members (MEPs) increased funding for Horizon Europe by €20 million and for transport and energy networks by €23.5 million.
Border management will be reinforced with an added €10 million.
The EU’s environment and climate action instrument, the LIFE programme, will receive an additional €10 million in funding, while the EU4Health and Erasmus+ programmes will benefit from a further €3 million each.
To create new opportunities, particularly for young farmers, funding for measures promoting European agricultural products under the European Agricultural Guarantee Fund has been increased by €105 million in line with Parliament’s position, an official release said.
The EU is facing an unexpected €4.2-billion increase in borrowing costs for NextGenerationEU in 2026, which is twice the amount initially projected by the Commission.
The total EU budget for 2026 is €192.8 billion in commitments, and €190.1 billion for payments, leaving a margin of €715.7 million below the 2026 multi-annual financial framework ceilings in commitments for unforeseen events.
ALCHEMPro News Desk (DS)
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