Factsheet – EU Budget for the future

The European Commission has published a factsheet to explain the detailed functioning of the new instrument, the Neighbourhood, Development and International Cooperation Instrument (NDICI). It will be the EU’s main tool to contribute to eradicating poverty and promoting sustainable development, prosperity, peace and stability.

The European Commission has put forward ambitious yet realistic proposals for a modern EU budget. It is time for an EU budget that reflects rapid developments in innovation, the economy, the environment and geopolitics, amongst others. The Commission is putting forward modern, clearer and simpler EU financial rules that ensure the EU budget delivers on the issues that matter to Europeans.

The  EU  budget  helps  the  Union  to  implement  its  priorities  globally,  to  rise  to  the  challenges  and  opportunities  and  to promote its interests in the world, including through multilateral solutions. The new long-term budget will bring a significant modernisation of the external dimension of the EU budget. It will increase the effectiveness and visibility of the EU’s external policies, strengthen coordination with internal policies and give the EU the flexibility for a faster response to new crises and challenges.