Members of the European Parliament (MEPs) have shown their support for a proposed EUR13 billion (USD14.5 billion) budget for the European Defence Fund (EDF), voting 328 to 231 in its favour.
While their so-called partial vote on 18 April has cleared a major hurdle for the fund’s activation in 2021, the EDF’s final budget number will hinge on wider negotiations in the coming 18 months between the Council and European Parliament to nail down the EU’s total operating budget for 2021–27.
Nevertheless, EU officials praised the vote’s outcome.
A fully-fledged EDF “is now on track to become a reality”, Elżbieta Bieńkowska, European Commissioner for the internal market, said in a statement immediately after the vote.
Want to read more? For analysis on this article and access to all our insight content, please enquire about our subscription options at ihsmarkit.com/janes