The difference between the total ESA revenues (61.6 billion euros) and ESA expenditures (66.0 billion euros) equals the consolidated ESA budget balance (-4.5 billion euros).

A number of corrections are applied to obtain the corrected ESA budget balance (-2.9 billion euros):

• Corrections for expected underutilisation (1,760.8 million euros):
  • University colleges and universities (326.8 million euros)
  • Other types of underutilisation (1,434.1 million euros)
• Additional ESA corrections (177.5 million euros)

A few specific items are excluded from the balanced budget target:

• The construction costs of the Oosterweel link (889.9 million euros)
• Revenues from the Flemish Resilience recovery plan(opens in new window) (163.4 million euros)
• Expenditures for the Flemish Resilience recovery plan (436.4 million euros)

That results in the budgetary balance compared to the balanced budget target (-1.7 billion euros).