On Wednesday 19 June, the European Commission presented its budget proposal for 2025, amounting to €199.7 billion in commitment appropriations. The budget proposed last year was €189.3 billion (see EUROPE B13196A13).
This budget will be complemented by an estimated €72 billion of disbursements under NextGenerationEU, the EU’s post-pandemic instrument, financed from borrowing on the capital markets.
This 2025 budget proposal is part of the 2021-2027 Multiannual Financial...