The Erasmus+ budget for the current multiannual financial framework is €26 billion.

Omissions

• The precise headline figure is €26.2 billion for 2021-2027, compared with €14.7 billion for 2014-2020; the '€26 billion' formulation is a rounding down.
• Part of the envelope is a top-up (€1.7 billion in 2018 prices) and around €2.2 billion more comes from external instruments, so the core MFF line in current prices is €24.574 billion.
• As of the October 2026 session the current MFF remains 2021-2027; the Commission's July 2025 proposal for a 2028-2034 Erasmus+ (€40.8 billion in current prices) is still a proposal under negotiation and does not change the figure for the current framework.

Sources

• PrimaryEuropean Commission — Erasmus+ Programme Guide: What is the budget?"The Programme has an overall indicative financial envelope of more than 26 billion EUR of the EU Budget for the seven years (2021-2027)." Footnote: "Indicatively, the financial envelope of the Programme is set at €24.574 billion in current prices and an additional top-up of €1.7 billion in 2018 prices"
• PrimaryEuropean Commission — Erasmus+ 2021-2027 programme brings over €26.2 billion"The programme's budget is €26.2 billion, compared with €14.7 billion for 2014-2020. This will be complemented by about €2.2 billion from the EU's external instruments."
• PrimaryEuropean Commission — Commission proposes new Erasmus+ beyond 2027"The Commission proposes a budget of €40.8 billion, compared to €26.2 billion for 2021-2027."
• SecondaryEuropean Parliament Legislative Train — Erasmus+ Programme 2028-2034"Under the proposed new MFF, Erasmus+ would be allocated €36.2 billion in 2025 prices (€40.8 billion in current prices)." The Commission proposal of 16 July 2025 concerns the 2028-2034 framework, confirming the current MFF remains 2021-2027.