# Parliament and Council agreed the EU's final 2027 annual budget on 11 November, reversing the proposed Horizon Europe cut and securing full EIC payment flows from January.
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## Public content

**issue:** 31
**type:** pulse
**date range:** 13 Nov 2026
**tagline:** Parliament and Council agreed the EU's final 2027 annual budget on 11 November, reversing the proposed Horizon Europe cut and securing full EIC payment flows from January.
**published at:** 2026-11-13
**sections:** 
  -     **body:** On **11 November**, the European Parliament and Council reached a provisional agreement on the **2027 EU annual budget**, the last under the **2021-2027 MFF**.

Total commitments: **€199.7 billion**; payments: **€211.5 billion**. Parliament reversed the Council’s proposed **€231 million** cut to Horizon Europe and secured a **€21.5 million increase** above the Commission’s original proposal, landing the programme at approximately **€12.8 billion** for 2027. Council ratification is expected **23 November**.
    **emoji:** 🏛️
    **label:** BUDGET DEAL
    **heading:** EU 2027 annual budget sealed at €199.7B, Horizon Europe cut reversed
  -     **body:** Without a budget agreement, the EU defaults to **provisional twelfths** from January: releasing one-twelfth of prior-year authorisations per month and freezing new EIC commitment decisions. The **€1.8 billion EIC 2027 Work Programme**, adopted on 5 November, requires a confirmed annual budget to begin disbursing grants in Q1.

**For founders:** EIC Accelerator commitments, Scaleup Europe Fund tranches, and Women TechEU grants are on schedule for Q1 2027. The formal Council vote is **23 November**; no delays are expected.
    **emoji:** ⚡
    **label:** WHY IT MATTERS
    **heading:** EIC 2027 payment schedule confirmed; Q1 provisional-twelfths risk removed

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