The European Parliament and the Council of the European Union have provisionally agreed on an EU budget for 2022 that will prioritise fighting climate change and economic recovery.

As part of the budget for the coming year, €53.1 billion has been allocated for the Common Agricultural Policy (CAP), while €971.9 million will go to the European Maritime, Fisheries, and Aquaculture Fund, for Europe's farmers and fishermen.

European Maritime, Fisheries, and Aquaculture FundThis will also help to strengthen the resilience of the agri-food and fisheries sectors, and to provide the necessary scope for crisis management.

The overall EU budget agreed for 2022 is €169.5 billion, and payments of €170.6 billion.

Once adopted, the budget will allow the EU to use significant funds for a continued EU response to the coronavirus pandemic and its consequences; to kick-start a sustainable recovery; and to protect and create jobs.

It will also trigger further investments into a greener, more digital and more resilient Europe, while protecting the most vulnerable, according to a statement from the European Commission.

The budget includes (but is not an exhaustive list):

The joint agreement now requires ratification within 14 days.

It is expected that the Council will approve it on November 23, and the Parliament on November 25-26.