The budget commits €5.91 billion to tackling the migration crisis and reinforcing security, an 11.3 percent increase on 2016’s figure, according to a statement from the EU Council, which represents member states.
The money will help EU countries resettle refugees, create reception centres, and return those who have no right to stay.
Extra spending will also go to help enhance border protection, crime prevention, counter terrorism activities and protect critical infrastructure.
A total of €21.3 billion was put aside to boost economic growth and create new jobs, which is an increase of around 12 percent compared with this year, the council said. The Erasmus+ scheme, a cross-border student programme, will see an increase of its budget of 19 percent.