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Preparedness, recovery and resilience, via the Recovery and Resilience Facility, rescEU and a new health programme, EU4Health Research and innovation, via Horizon Europeįair climate and digital transitions, via the Just Transition Fund and the Digital Europe Programme More than 50% of the amount will support modernisation, for example through: The last step of the adoption of the next long-term EU budget was reached on 17 December 2020.įacts and figures of MFF 2021-2027 and NextGenerationEU Main elements of the agreement It is a budget fit not only for today's realities but also for tomorrow's uncertainties. The new long-term budget will increase flexibility mechanisms to guarantee it has the capacity to address unforeseen needs. It will be a greener, more digital and more resilient Europe. A total of €2.018 trillion in current prices* will help rebuild a post-COVID-19 Europe. The EU’s long-term budget, coupled with NextGenerationEU (NGEU), the temporary instrument designed to boost the recovery, will be the largest stimulus package ever financed in Europe.
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It amounts to €750 billion in 2018 prices. It is now time to get to work, to make Europe greener, more digital and more resilient. We have the vision, we have the plan, and we have agreed to invest together €806.9 billion*. It is a once in a lifetime chance to emerge stronger from the pandemic, transform our economies, create opportunities and jobs for the Europe where we want to live.