The head of the European Council Charles Michel wrote on Twitter that an agreement has been reached.

In turn, Belgian Prime Minister Sophie Wilmes said that the EU "never dared to invest so ambitiously in the future."

“We have a good agreement ... with a 2021-2027 budget of € 1.074 trillion and a € 750 billion recovery plan,” she wrote.

Earlier it was reported that the leaders of the EU countries could not come to an agreement on the formation of the budget for 2021-2027 following the results of the first day of the summit in Brussels.

On July 19, they also broke off negotiations on the creation of an anti-crisis fund.