Consolidated annual accounts of the European Union for the financial year 2023

The year 2023 once again confirmed that European unity and solidarity are the European Union's strongest assets. We continued to stand by our partners in Ukraine and supported them in their response to Russia's brutal war and continued aggressions. To mitigate the consequences of the war and of other global political developments, we proposed a Mid-Term Revision of the Multiannual Financial Framework concentrating on the most pressing political priorities: Strong and stable support to Ukraine in the form of the Ukraine Facility; fostering European competitiveness through the Strategic Technologies for Europe Platform; means to respond to migration and external challenges; increased resources for crisis management; a robust mechanism to ensure the repayment of NextGenerationEU lending under increased interest rates. Through a mix of redeployments within the EU budget and additional resources, EU leaders endorsed all the political priorities the Commission had identified on 1 February 2024 at a special European Council.