Importantly, the framework includes the budget aimed at the Erasmus+ program.

The comprehensive financial package has an amount of €1 824.3 billion. It combines the next multiannual financial framework – €1 074.3 billion – and a €750 billion temporary recovery instrument, Next Generation EU.

Finally, the political package agreed with the Parliament includes:

• a targeted reinforcement of EU programmes, including Horizon Europe, EU4Health and Erasmus+, by €15 billion through additional means (€12.5 billion) and reallocations (€2.5 billion) in the course of the next financial period, while respecting the expenditure ceilings set out in the European Council conclusions of 17-21 July;
• more flexibility to allow the EU to respond to unforeseen needs;
• greater involvement of the budgetary authority in the oversight of revenue under Next Generation EU;
• higher ambition on biodiversity and strengthened monitoring of biodiversity, climate and gender related spending;
• an indicative roadmap towards the introduction of new own resources.

At this moment, the deal will be submitted to the member states for endorsement.

L'articolo Next Multiannual Financial Framework: the EU’s Long-Term Budget proviene da Youth Networks.