Multiannual financial framework for the years 2021 to 2027: The future of EU finances [EU Legislation in Progress]

Written by Alessandro D’Alfonso (1st edition),

Budget auf Münzenstapel

© magele-picture / Fotolia

On 20 June 2019, the European Council examined the progress of work in the Council on the Commission proposal for the long-term design of the post-2020 EU budget. The European Council now aims to reach an agreement among Heads of State or Government before the end of 2019. Elements for consideration in the draft regulation, which is part of a broader package of proposals, include the following features of the new multiannual financial framework (MFF): total resources, structure, priorities, flexibility provisions, and revision clauses. The European Parliament has already detailed its negotiating position in November 2018, with a view to contributing to a smooth transition to the next MFF and its related EU spending programmes as of 2021.


Agreement of Council position and request for Parliament's consent to its adoption

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