Factsheet on budgetary safeguards protecting EU issuances

Repayment of debt – whether for financing NextGenerationEU or other programmes – is a hard-wired contractual obligation that the Union undertakes towards its investors. The EU Budget is the ultimate guarantor of all securities issued by the European Union. Before any issuance programme is launched, the EU identifies the specific mechanisms that will be called upon to ensure that the EU can mobilise the necessary budgetary resource to repay investors promptly - at all times and under all circumstances.

To help you navigate the multilayer universe of EU’s budgetary safeguards protecting EU bills and bonds, we have published a new factsheet that provides a comprehensive description of these budgetary protection mechanisms.

You can consult the full factsheet here but below is a summary of the protection system by programme: