Source article: https://ec.europa.eu/programmes/erasmus-plus/news/erasmus-2021-2027-programme_en

The programme’s budget is €26.2 billion, compared with €14.7 billion for 2014-2020. This will be complemented by about €2.2 billion from the EU’s external instruments.

With this increased budget, Erasmus+ will be more inclusive, more digital, and more green. It will also include DiscoverEU which offers 18 year-olds the possibility to get a European rail pass to travel, learn from other cultures and meet fellow Europeans.