#EUelections2019 - EU’s long-term budget (MFF)
Event date: 24/04/2019
Established for a period of at least five years, a multiannual financial framework or MFF must ensure that the Union’s expenditure develops in an orderly manner and within the limits of its own resources, and sets out provisions with which the annual budget of the Union must comply, thus laying down the cornerstone of financial discipline.
Both the Parliament and Commission signalled that they were ready to make an effort to reach agreement on the package before the May 2019 European elections. Meeting this deadline would have enabled the new programmes to start without delay on 1 January 2021. However, on 13-14 December 2018, having conducted the first substantial exchange of views on the matter, the EU leaders called on the Romanian presidency to continue work at the level of the Council with a view to achieving an agreement only in autumn 2019.
On 21 February, the co-rapporteurs will present draft compromises amendments on two reports in the framework of the EU's next Multiannual Financial Framework (MFF): "Preparing the Parliament’s position on the MFF post-2020" and "The Reform of the EU system of Own Resources". The vote in committee on both reports takes place the following day, 22 February.