This is NextGenerationEU. This is more than a recovery plan.

It is a once in a lifetime chance to emerge stronger from the pandemic, transform our economies, create opportunities and jobs for the Europe where we want to live. We have everything to make this happen.

We have the vision, we have the plan, and we have agreed to invest 750 billion euro together. 

It is now time to get to work, to make Europe greener, more digital and more resilient.

The EU’s long-term budget, coupled with NextGenerationEU, the temporary instrument designed to boost the recovery, will be the largest stimulus package ever financed in Europe. A total of €1.8 trillion will help rebuild a post-COVID-19 Europe. It will be a greener, more digital and more resilient Europe.

The new long-term budget will increase flexibility mechanisms to guarantee it has the capacity to address unforeseen needs. It is a budget fit not only for today's realities but also for tomorrow's uncertainties.

The last step of the adoption of the next long-term EU budget was reached on 17 December 2020.

Facts and figures of MFF 2021-2027 and NextGenerationEU

More information here.