On Saturday morning, negotiators from the European Parliament and the Council reached a provisional agreement on the 2025 EU Budget, before the deadline of the conciliation period.

Negotiators found solution to cover repayment costs for the European Recovery Instrument (EURI)

MEPs ensured that the financing of the EURI repayment costs, which are twice the amount initially forecast for 2025, could be achieved while at the same time protecting funding for essential programmes, like Erasmus+ or R&D. MEPs reversed all cuts made by member states and successfully insisted on the proper use of the new “EURI cascade mechanism” introduced in the revision of the EU’s long-term budget. This mechanism is designed to manage escalating Next Generation EU borrowing costs without affecting key initiatives, maintaining the budget’s flexibility and response capacity.

Parliament secured additional funding for EU programmes

In February, during the revision in the EU’s long-term budget,…