Last July 16, the European Commission presented its proposal for an ambitious and dynamic Multiannual Financial Framework (MFF), amounting to almost EUR 2 trillion (or 1.26% of the EU’s gross national income on average between 2028 and 2034). This framework will equip Europe with a long-term investment budget matching its ambitions to be an independent, […]
European Commission proposes changes to the EU budget for 2024
The European Commission adopted a proposal to amend the EU budget for 2024 to reflect the changes made following the agreement between the European Parliament and the Council on the revision of the Multiannual Financial Framework (MFF) for 2021-2027. This amended budget will enable the Union to continue delivering this year on the EU’s common priorities, for the […]
Multiannual financial framework for 2021-2027 adopted
Following the European Parliament’s consent, the Council has adopted the regulation laying down the EU’s multiannual financial framework for 2021-2027. The regulation provides for a long-term budget of €1 074.3 billion for the EU27 in 2018 prices, including the integration of the European Development Fund. Together with the Next Generation EU recovery instrument of €750 […]