The European Commission has published the draft budget for 2018, which includes €11.1 billion for research and innovation under Horizon 2020 and €2.3 billion for education and training under Erasmus+.
The entire 2018 draft EU budget, which envisages €160.6 billion in commitments and €145.4 billion in payments, focuses on the following policy priorities for Europe: jobs, investments, migration and security.
The money for supporting economic growth in 2018 is proposed at €77.3 billion in commitments and includes the following categories:
•€21.8 billion for growth, employment and competitiveness, including over €11.1 billion for research and innovation under Horizon 2020, €2.3 billion for education under Erasmus+, €339.1 million for SMEs under the COSME programme, and €2.8 billion under the Connecting Europe Facility (CEF); and
•€2.0 billion for the European Fund for Strategic Investments (EFSI);
The Council of Ministers and the European Parliament are expected to adopt their positions on the EU budget by early autumn.
UKRO Factsheet on EU Budget
To help subscribers understand how the discussions on the overall EU budget affect the Horizon 2020 budget, UKRO has produced a dedicated factsheet, which explains the main terms used by the Commission, the procedure for establishing the annual budget and finally the links between the Horizon 2020 and EU budgets. The factsheet can be found in the UKRO Factsheet Library on the UKRO Portal.