General budget of the European Union for the financial year 2027 - all sections

Tabled by Julien Sanchez, Auke Zijlstra, Tomasz Buczek, Angéline Furet

Added: 4a. Recalls that the NextGenerationEU (NGEU) instrument, presented as an exceptional recovery plan in the wake of the COVID-19 crisis and financed through the issuance of joint bonds, was hastily designed by the Commission without a thorough impact assessment; recalls that, according to the European Court of Auditors’ annual report for the 2025 fiscal year, the Commission has increasingly turned to capital markets over the past five years to finance large-scale programs, such as SURE and NGEU; emphasises that the Union’s outstanding debt could reach EUR 1 000 billion by 2027, including up to EUR 421 billion in non-repayable support from NGEU; notes that the Commission proposes to allocate EUR 24 billion per year over the 2028 – 2034 period to interest payments and principal repayments, while interest costs alone related to NGEU’s non-repayable support could reach approximately EUR 93 billion over the same period; is deeply concerned about the Commission’s failure to publish a comprehensive NGEU debt repayment strategy for the period up to 2058; warns of the considerable and lasting budgetary burden resulting from this instrument, whose financing costs risk significantly reducing the Union’s financial flexibility over the coming decades and could necessitate an increase in national contributions;

Wording as published by the EP, in English. PE788.355