The difference between the total ESA revenues (60.3 billion euros) and ESA expenditures (66.5 billion euros) equals the consolidated ESA budget balance (-6.1 billion euros).

A number of corrections are applied to obtain the corrected ESA budget balance (-4.5 billion euros):

• Corrections for expected underutilisation (1,773.7 million euros):
  • University colleges and universities (294.9 million euros)
  • Other types of underutilisation (1,478.8 million euros)
• Additional ESA corrections (140.0 million euros)

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

• The construction costs of the Oosterweel link (883.8 million euros)
• Revenues from the Flemish Resilience recovery plan(opens in new window) (351.9 million euros)
• Expenditures for the Flemish Resilience recovery plan (843.1 million euros)

That results in the budgetary balance compared to the balanced budget target (-3.1 billion euros).