What is the annual budget of the ERASMUS+ program?

The annual budget of the ERASMUS+ program is indeed €14.7 billion. This funding level reflects the European Union's significant commitment to support education, training, youth, and sport across Europe, aiming to promote mobility and cooperation among member countries. The budget enables various initiatives, including student exchanges, research partnerships, and skills development projects, making a substantial impact on the educational landscape.

This particular figure underscores the EU's goal to enhance educational opportunities and improve youth employability, ensuring that a diverse number of students and institutions can benefit from the program. The financial investment also highlights the importance of international collaboration in education and lifelong learning, areas that ERASMUS+ seeks to promote through its funding schemes.