Council and Parliament agree 2027 EU budget totals

The Council and the European Parliament have agreed the EU's annual budget for 2027 at 199.7 billion euros in commitments and 211.5 billion euros in payments, the seventh and final budget under the current multiannual financial framework.

Why it matters: The agreement closes the last annual budget of the 2021 to 2027 framework ahead of the November 16 legal deadline, with 710.1 million euros kept available under the expenditure ceilings for unforeseen needs, and leaves formal approval to votes within 14 days.

Data as of Council of the European Union press release of November 11, 2026, read in full in this run; every figure is from the Council release itself. The European Commission press release announcing the same agreement was carried in the feed queue; its page rendered only site chrome to this reader, so no figure rests on it. Developing item.

The Council and the European Parliament have secured agreement on the EU’s annual budget for 2027, set at 199.7 billion euros in total commitments and 211.5 billion euros in total payments, the Council said on November 11. It is the seventh and final annual budget of the current multiannual financial framework for 2021 to 2027, and 710.1 million euros has been kept available under the framework’s expenditure ceilings so the Union can react to unforeseeable needs.

Simon Harris, Ireland’s finance minister and the Council’s chief negotiator for the 2027 budget, said the budget must concentrate resources on initiatives that deliver tangible results and protect peace, security and prosperity while avoiding additional burden on national budgets. The two institutions now have 14 days to formally approve the agreement, with the Council expected to endorse it on November 23 by qualified majority.

Council and Parliament agree 2027 EU budget totals

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