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EU budget for external action - Fact sheet

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Friday, 15 June 2018

EU budget for external action - Fact sheet

The European Union is making its budget fit for its role as strong global actor. What did the EU propose today? The European Commission proposes to increase the external action budget to €123 billion for the period 2021-2027. Up from €94.5 billion in the period 2014-2020, this represents an increase of 30%. At the same time, it is proposing to significantly simplify its structure and make it much more flexible and effective to address today's global challenges. The Commission proposes to reduce the number of instruments, which would allow a clearer focus on political objectives and engagements with partners, in line with the EU's values and priorities. What will be the impact of Brexit? The EU is going to increase its external action funding even if the proposed total EU budget for the period 2021-2027 does not include a UK contribution. It would rise from €94.5 billion in the period 2014-2020 to €123 billion for the period 2021-2028, representing an increase of 30%. In times of uncertainties all over the world, the EU strengthens its role as global player that is reliable, responsive and predictable – politically as well as financially. What are the external action budget instruments? The new proposed instruments for EU external action are a Neighbourhood, Development and International Cooperation Instrument with €89.2 billion, complemented by a European Instrument for Nuclear Safety with €300 million; an Instrument for Pre-Accession Assistance with €14.5 billion; a humanitarian aid instrument with €11 billion; a Common Foreign and Security budget with €3 billion; and cooperation with overseas countries and territories including Greenland, with €500 million.

Source: European Commission