On Tuesday, the European Council approved the EU’s general budget for 2023. This was agreed in negotiations with the European Parliament a week earlier. The two institutions have committed to a total budget of €186.6 billion next year — an increase of 1.1% compared to 2022. According to the Commission, 2023’s budget aims “to boost the recovery from the coronavirus pandemic, to put Europe on the path towards a sustainable future, to protect and create jobs, and to strengthen the Union’s strategic autonomy.” Notably, a significant amount of funding is being allocated to sectors that can benefit startups and SMEs…
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