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EU Budget Increase for COVID-19 Vaccines and Recovery

Summary

The European Parliament approves an increase in funds for the Emergency Support Instrument to finance COVID-19 vaccine strategies and economic recovery initiatives.
9 13.11.2020
Other
health
economy
finance
european union
public finance and budget policy

Key points

  • The European Parliament approves the Council's position regarding the eighth amending budget for the 2020 financial year.
  • Financial resources are increased through the Emergency Support Instrument.
  • Funds are specifically allocated to finance the European Union's COVID-19 vaccine strategy.
  • The budget supports economic resilience through the Corona Response Investment Initiative Plus.
Documents (PDFs)
Draft amending budget No 8: Increase of payment appropriations for the Emergency Support Instrument to finance the COVID-19 vaccines strategy and for the impact of the Corona Response Investment Initiative Plus
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