Agreement reached on EU Budget for 2027 - Tánaiste

Updated / Wednesday, 11 Nov 2026 08:12

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Tánaiste and Minister for Finance Simon Harris said an agreement has been reached on the European Union's Budget for 2027.

The deal was agreed in the early hours of this morning following negotiations in Brussels, he said in a statement.

Negotiations in the Belgium capital were chaired by Ireland as part of its EU Presidency.

The 2027 budget is the final annual budget under the EU's current seven-year funding framework.

The agreement provides for €199.7 billion in commitments and €211.5b in payments, said Mr Harris.

He said €710.1m will be left available under the EU's spending limits to give "governments, organisations and communities greater certainty as they plan for the year ahead".

Mr Harris called the agreement a "good result for Europe and a good result for the Irish Presidency".

"At a time of real uncertainty around the world, Europe needs to be able to plan and to act accordingly.

"This agreement provides certainty, supports the things that matter to people and ensures there is room to respond when new challenges arise," he said.

Mr Harris said: "Behind the big numbers are real people and real projects: farmers and fishing communities, students and researchers, small businesses looking to grow, and investment in the infrastructure we all depend on."

The agreement must now be formally approved by the Council and the European Parliament.