Economic and Financial Affairs (Budget) Council, 17/11/2017 - Main results - Main contents
Main results
The Council and the European Parliament reached agreement on an EU budget for 2018 that strongly reflects the EU's main policy priorities.
Total commitments are set at €160.1 billion and payments at €144.7 billion.
"We have strived this year to maximise the impact of EU spending, whilst maintaining sufficient leeway to be able to react to unforeseeable needs", said Märt Kivine, deputy finance minister of Estonia and chief Council negotiator for the 2018 EU budget. "The 2018 budget focuses strongly on priorities such as boosting economic growth and job creation, strengthening security and addressing the challenges posed by migration."
The Parliament and the Council now have 14 days to approve the joint text.
Headings
2018 EU budget (in € million)
Commitments
Payments
-
1.Smart and inclusive growth
77 534
66 624
-
-1a. Competitiveness for growth and jobs
22 001
20 097
-
-1b. Economic, social and territorial cohesion
55 532
46 527
-
2.Sustainable growth
59 285
56 084
-
3.Security and citizenship
3 493
2 981
-
4.Global Europe
9 569
8 906
-
5.Administration
9 666
9 666
Special instruments
567
420
TOTAL
160,114
144,681
Council cannot accept Parliament amendments on 2018 budget (press release, 25/10/2017)
Meeting information
Economic and Financial Affairs Council on budget
Meeting n°3576
Brussels
17/11/2017
Preparatory documents
Outcome documents
Outcome of the Council meeting