With an estimated 300 million people in need of humanitarian aid in 2024, the European Union (EU) has reaffirmed its commitment to supporting the world's most vulnerable people. The European Commission (EC) announced on Monday that it had approved an initial annual humanitarian aid budget of more than β¬1.8 billion (US$1.93 billion) for this year, a slight increase of about β¬100 million compared to the previous year. In 2023, the European Union's (EU) initial humanitarian aid budget was β¬1.7 billion.