The Council and the European Parliament (EP) reached a provisional agreement on the 2022 EU budget on November 15, 2021, with €169.5 billion (US$199.5 billion) in overall budget commitments. The deal is expected to be formally endorsed by both institutions by the end of the month.
The EP helped negotiate €479 million (US$564 million) for its priorities in addition to those in the proposed draft budget from the European Commission. Members of the European Parliament helped obtain an additional €100 million (US$118 million) above proposed funding for Horizon Europe.
Prior to reaching the agreement, the EP's position on the budget included a €1.0 billion (US$1.2 billion) earmak from the 'emerging challenges and priorities cushion' of the Neighbourhood, Development and International Cooperation Instrument (NDICI - Global Europe). Instead, the EP-Council agreement topped up NDICI - Global Europe by €190 million (US$224 million) for COVID-19 pandemic response, including vaccinations. The provisional budget agreement also includes financing for 200 million vaccination doses through the COVAX mechanism.