Reference date: 11 November 2026 — budget agreement announced; 23 November — expected Council endorsement; 2027 — budget year
Original conceptual illustration of the agreed 2027 EU budget commitments and payments
Original Europe Times illustration of the 2027 EU budget agreement. Formal approval is still pending; figures are commitments and payments, respectively. Image credit.

The Council and European Parliament reached agreement on the EU’s 2027 budget on November 11. The deal sets commitments at €199.7 billion and payments at €211.5 billion for the final year of the bloc’s current seven-year spending framework.

The two figures measure different things: commitments authorise spending that can run across several years, while payments meet bills arising from both current and earlier commitments. The largest headings cover cohesion and resilience, followed by natural resources and the environment.

Formal approval by both institutions is still required within 14 days, with the Council expected to endorse the deal on November 23. The agreement also leaves €710.1 million beneath the spending ceilings for unforeseen needs.

Sources

  1. Council of the EU: agreement on the 2027 annual budget, 11 November 2026 ↗

Original summary based on the sources above, checked for the November 12, 2026 edition. Reference dates are shown separately from the edition date.