European Parliament
EU Multiannual Financial Framework 2021-2027 - 8th Parliamentary term
Updated
01:34
Reborn from the ashes
Background
01:55
The first Erasmus couple
Background
Description
There have been five multiannual financial frameworks (MFFs) to date. The Treaty of Lisbon transformed the MFF from an interinstitutional agreement into a legally binding act.
Established for a period of at least five years, an 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.
Further information
Funding Europe's future: EU’s post-2020 budget must match policy goals
- EU budget: Commission proposes a modern budget
- Post-2020 EU budget: Parliament challenges Commission over scale of cuts
- Funding EU’s future: MEPs demand strong and credible post-2020 EU budget
- Long-term EU budget: MEPs lay down funding priorities post-2020 budget
- MEPs to prioritise environment and climate action in next long-term budget
- MEPs ask for European research to be boosted in next long-term budget
- 2021-2027 EU Budget: €378,1 billion to benefit all regions
- Parliaments broadly agree on next steps for economic, monetary union
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