On 8 February, EU leaders agreed on a total budget of €960 billion for the EU in 2014-2020, significantly less than the €1.025 trillion originally proposed by the Commission – a difference of at least 6.34%.
The two main pillars for the EU’s development aid are the European Development Fund (EDF) and the Development Cooperation Instrument (DCI). Both have been slashed significantly as part of the budget negotiations.
The amount reserved for overseas aid in the EDF amounts to €26.986 billion, compared with €29.998 billion in the Commission proposal – a difference of 10.1%.
Similarly, EU leaders earmarked €20.6 billion for the DCI. However, the DCI calculated as a proportion of cuts to the headline Global Europe, as no breakdowns are available, is €17.3 billion. The difference here therefore amounts to 16%.
The infographic below gives the detailed figures:
Andris Piebalgs, the European development aid commissioner, has called on EU member countries to compensate the aid cuts in order to meet the 0.7% GNI pledge.