The European Commission intends to issue bonds of up to 90 billion euros to finance the NextGenerationEU programs and other initiatives, increasing the total amount of bonds to nearly 800 billion euros.

The European Commission has announced a plan to issue bonds worth up to 90 billion euros in the first half of next year, which will increase the total value of EU bonds in circulation to nearly 800 billion euros by the end of June 2026. The revenues generated will be used to finance loans granted to member states through the NextGenerationEU program, as well as for the acquisition of defense capabilities through the 'Security Action for Europe' (SAFE) instrument.

Additionally, the programs for the Ukraine Mechanism, the Reform and Growth Mechanism for the Western Balkans, as well as macro-financial assistance for neighboring countries will be funded. The Commission will use a unified financing approach, combining long-term and short-term instruments, with semi-annual plans to adapt issuances to financing needs. Furthermore, the issuance of NextGenerationEU green bonds will continue to support the ecological component of the Recovery Mechanism, having already mobilized 78 billion euros through these bonds.