The EU budget for 2017 sets the total level of commitments at €157.86 billion and of payments at € 134.49 billion.
Tackling the migration and refugee crisis
Almost €6 billion in commitments and hence around 11.3% more than in 2016 will be available to address the migration pressure and make the life of European citizens more secure. The money will be used to:
help member states to resettle refugees
create reception centres
integrate persons who have the right to stay and return those who don't
enhance border protection
stepping up crime prevention and counter terrorism activities
protecting critical infrastructure
Research and growth
€21.3 billion in commitments are mobilised to boost economic growth and create new jobs - this is an increase of around 12% compared to 2016. This part of the budget covers instruments such as Erasmus + which increases by 19% to €2.1 billion and the European fund for strategic investments which rises by 25% to €2.7 billion.
More money for young people
Besides the significant increase for Erasmus +, the 2017 EU budget also delivers on a number of other measures that benefit young people in particular. This includes the youth employment initiative for which an additional €500.00 million is available to help young people find a job. The 2017 EU budget also allows the Commission to start an initiative to help young people to travel and discover other European countries.
The 2017 EU budget also includes the €500.00 million aid package announced in July to support milk and other livestock farmers.