Skip to content
GovLens is in free beta — full access while we build. Join the beta →
Feed/BUD2023/0240(BUD)Defence & Security

Amending Budget 2023 No 3: Revenue updates, Defence Instrument & Chips Act

COMCMT1R-EP1R-C2R-EPCNCADO
Updated 33mo ago
View source

This procedure concerns an amending budget for 2023, focusing on updating revenue sources (own resources) and making technical adjustments. It also includes the initial setup and financing for new initiatives in 2023: the defence industrial reinforcement instrument and the European Chips Act.

This impacts the EU's overall budget for 2023, specifically how it's funded and how it allocates resources to boost defence industry and semiconductor production.