European Commission proposes roughly EUR 200 billion EU budget for 2027 with Ukraine and defence priorities
Every EU government planning defence spending now has a figure to anchor on. The European Commission proposed a roughly 200 billion euro draft budget for 2027 today, with Ukraine support and defence as headline priorities. Parliament and Council still have to sign off before it i
The European Commission has put a number on Europe's priorities for the year after next, and Ukraine and defence sit at the top of it. On June 10 the Commission proposed a draft EU budget for 2027 of roughly 200 billion euros, the opening bid in a negotiation that runs through the end of the year. For governments, contractors, and Kyiv, it is the first concrete signal of where money is meant to flow. Ukraine support is built directly into the plan, channeled through the Ukraine Support Mechanism and a new loan instrument, with funding continuing alongside the existing Ukraine Facility. The defence framing is broad: the proposal points to security and defence investment, defence research, industrial capacity, military mobility, and strategic resilience as areas the Union intends to back more heavily, citing Russia's war as the reason. What this is not, yet, is settled. A draft budget is a starting position. The European Parliament and the Council still have to review and amend it, and final approval is expected only toward the end of 2026. Numbers will move before they are fixed. According to reporting on the Commission's announcement, the headline figure and the Ukraine and defence emphasis are the parts least likely to change, because they reflect a political consensus that has hardened over the past two years. The bargaining will be over everything else.