About: Multi-Annual Financial Framework (MFF)

Economy & Jobs 19-02-2020

EU faces tough post-Brexit test with 2021-2027 budget

Unlike national governments who adopt budgets every year, EU finances cover a seven-year period and need to be agreed by all 27 member states. The bloc’s next budget, the first after Brexit, will be debated by EU leaders on Thursday...
Energy 18-11-2019

Financing the energy transition: Where’s the money?

Incoming Commission President Ursula von der Leyen’s pledge to turn Europe into “the world’s first climate-neutral continent” means efforts to green the economy are set to go into overdrive. But where will the necessary funds come from to back the...
EU Priorities 2020 21-09-2012

EU budget 2014-2020: The €1 trillion deal

Is €1 trillion too much or not enough to fund the many activities of the European Union for the next seven years? This is the main question that European institutions and the 27 member countries’ leaders will have to answer early next year.
Future EU 25-06-2012

The Cyprus EU presidency: Breaking with tradition

The Cyprus EU presidency in the second half of 2012 will provide political leadership to the Union but “not in the traditional way”, officials say. Rather, it will be a “Brussels-based presidency”, with most of the country's officials operating from the European capital and focusing on EU affairs. Meanwhile, the island's long-standing reunification talks with Turkey will be dealt with on a separate track.
Future EU 12-07-2005

Financial Perspective 2007-2013

The UK presidency made an 864 billion euro deal at the EU summit in  December 2005, which Parliament then managed to top up with an extra 4 billion euros on 4 April. This political agreement is set to get a final green light on 17 May.      The overall budget deal, reached in the early hours of 17 December, raised the 2007-2013 budget to 862.3 billion euros, or 1.045 percent of EU Gross National Income. Compared to the Luxembourg June 2005 compromise it is still a decrease of 22 billion euros.