EU 2023 Amending Budget: Spending Reductions and Adjustments

Summary

The European Parliament has approved an amending budget for 2023 that reduces spending in several areas, including nuclear research and social funds, due to implementation delays.
9 03.01.2024
Other
budget
energy
justice
economy
human rights
social policy
civil service
administrative law
public finance and budget policy
agriculture, forestry and fisheries

Key points

  • The European Parliament has approved an amendment to the 2023 EU budget to reflect actual spending capabilities.
  • Significant funding cuts are planned for the ITER nuclear fusion project due to implementation delays.
  • Several major funds, including those for regional development and social support, will see reduced spending levels.
  • The Parliament expressed concern that reducing migration-related funds could impact the EU's ability to handle migratory flows.
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