Statement of estimates of the European Commission for the financial year 2024 : preparation of the 2024 draft budget

The COVID-19 pandemic, dramatic natural disasters and migration challenges are just a few of the exceptional challenges the EU faced in the last three years. Russia's unprovoked and unjustified war of aggression against Ukraine and the accompanying weaponisation of energy supplies has brought tragedy to Ukrainian people, challenged the global rules-based order and triggered severe economic and financial repercussions in Europe, its neighbourhood, as well as across the globe. Throughout these unprecedented circumstances, the EU responded swiftly and decisively, including through the EU budget. Addressing these challenges considerably constrains the ability of the budget to further respond to new developments, but the draft budget for 2024 again provides key funding to the Union's shared priorities, including the green and digital transitions.