(ANSA) - BRUSSELS, JUN 07 - The European Commission has proposed a common annual budget of 185.6 billion euros for 2023, in addition to grants of 113.9 billion from NextGenerationEu.
The budget is designed to address the recovery needs of member states and their partners around the world, it is explained, while additional proposals to finance the needs arising from the war in Ukraine will then be presented later in the year based on a more precise impact assessment.
Of the grants from NextGenerationEu, € 103.5 billion will support economic recovery after the pandemic and address the challenges posed by the war.
(HANDLE).
