Budget of the European Union

Common card · No. 379901

The budget of the European Union (a.k.a. The Union's annual budget) is used to finance EU funding programmes (such as the European Regional Development Fund, the Cohesion Fund, Horizon Europe, or Erasmus+) and other expenditure at the European level. The EU budget is primarily an investment budget. Representing around 2% of all EU public spending, it aims to complement national budgets. Its purpose is to implement the priorities that all EU members have agreed upon. It provides European added-value by supporting actions which, in line with the principle of subsidiarity and proportionality, can be more effective than actions taken at national, regional or local level. The EU had a long-term budget of €1,082.5 billion for the period 2014–2020, representing 1.02% of the EU-28's Gross National Income (GNI) and of €1,074.3 billion for the 2021–2027 period. The long-term budget, also called the Multiannual Financial Framework, is a seven-year spending plan, allowing the EU to plan and invest...

Read on Wikipedia · Image User:Verdy p, User:-xfi-, User:Paddu, User:Nightstallion, User:Funakoshi, User:Jeltz, User:Dbenbenn, User:Zscout370, Public domain