The Council of the European Union and the European Parliament have reached an agreement on the EU’s annual budget for 2027, allocating €800 million to the European Maritime, Fisheries and Aquaculture Fund (EMFAF). This is the annual budget under the 2021-2027 multiannual financial framework.
The figure is the fund’s annual allocation. Its total budget for 2021-2027 is €6.108 billion. It does not represent a nominal increase or create additional funding specifically for aquaculture: the EMFAF also supports the Common Fisheries Policy and other maritime activities.
The 2027 overall budget provides for €199,707.5 billion in commitment appropriations and €211,525.8 billion in payment appropriations. Commitments are legal obligations to spend that may be implemented over several financial years; payments over expenditure due in 2027.
The agreement still requires formal approval by Parliament and the Council, which have 14 days to give it the go-ahead. The Council is expected to approve it on 23 November.
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