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EU Reaches 2026 Budget Deal at €192.8 Billion, Redirecting Funds to Borders, Innovation and Defense

Ratification is due within 14 days following a deal that preserves a €715.7 million crisis buffer.

Overview

  • Total commitments are set at €192.8 billion, more than €6 billion below the 2025 plan.
  • Funding shifts include migration and border management at €5.0189 billion (up from €4.7911 billion), single market, innovation and digital at €22.163 billion (from €21.4801 billion), and security and defense at €2.8135 billion (from €2.6326 billion).
  • Cohesion funding falls to €71.6498 billion, a cut of over €6 billion compared with 2025.
  • Parliament secured modest top-ups: €20 million for Horizon Europe, €23.5 million for transport and energy networks, €105 million for agricultural promotion, and €3 million for Erasmus+.
  • Negotiators left €715.7 million unallocated to address unforeseen needs, with discussions ongoing on covering an estimated €4.2 billion in 2026 interest costs from the recovery fund.