On 27 November 2024, the European Parliament adopted the EU 2025 budget. The European Parliament and the Council agreed on the new annual budget within the multi-annual financial framework (MFF) for 2021-2027 on 16 November 2024. Total commitments are set at €192.76 billion and the total payments at €149.61 billion, excluding appropriations foreseen for special instruments outside the MFF 2021-2027. €800,5 million have been kept available under the expenditure ceilings of the current MFF, allowing the EU to react to unforeseeable needs.

The European Parliament successfully negotiated an additional €230.7 million in funding beyond the Commission's initial draft proposal. The money will support research, health, education, young farmers, coordination of social security schemes, crisis response to natural disasters, climate action, humanitarian aid, military mobility and border management. The agreement also secured additional staff and funds for the European Public Prosecutor's Office (EPPO) and Europol.

Compared to national budgets, the EU budget is relatively small. It has on average €160-180 billion annually in 2021-2027 and serves 27 countries with a total population of around 450 million. This is comparable to the national budget of Denmark, which serves 5.6 million people, and is about 30% smaller than the budget of Poland, which serves 38 million.

The 2025 EU budget is complemented by the NextGenerationEU, the EU's plan to recover from the COVID-19 pandemic (→eucrim 3/2021, 151).