EU Budget for the Future: Making the EU Fit for its Role as Strong Global Actor

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The European Commission has put forward ambitious yet realistic proposals for a modern EU budget that reflects rapid developments in innovation, the economy, the environment and geopolitics, amongst others. For the next long-term EU budget 2021-2027, the EC is proposing to increase the external action budget to €123 billion, to significantly simplify its structure, and make it much more flexible and effective to address today’s global challenges. The external action budget will be the EU’s main tool to support its partner countries in their political and economic transformations towards sustainable development, stability, consolidation of democracy, socio-economic development and the eradication of poverty. Read more here.

Source: EC

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