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EU Multiannual Financial Framework 2021-2027 and recovery plan

Event date: 07/10/2019

EU Multiannual Financial Framework 2021-2027 and recovery plan

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 the cornerstone of financial discipline.

After almost five days of negotiations, the European Council finally reached a political agreement on the Multiannual Financial Framework (MFF) for 2021 to 2027 and a specific recovery instrument following the coronavirus crisis – Next Generation EU (NGEU) – together totalling €1 824.3 billion. Before the MFF can enter into force, the Parliament must give its consent, which is also a pre-condition for the adoption, by co-decision, of legislation on the new policy programmes.

News history

On 16 November, the Members of Parliament’s negotiating team on the Multiannual Financial Framework (MFF) and Own Resources debrief the committee on the outlines of a political agreement on future EU financing reached with the German Presidency on 10 November after ten weeks of intense negotiations.

During the plenary session (11 - 13 November 2020) of the European Parliament in Brussels, MEPs debate Multiannual Financial Framework (including Own Resources), Rule of Law Conditionality Mechanism and the Recovery Fund for Europe.

David SASSOLI, EP President, speaks to the press on the next 2021-2027 Multiannual Financial Framework (MFF) and Own Resources, in the European Parliament in Brussels.

Johan VAN OVERTVELDT (ECR, BE), Chair of the Committee on Budgets, Jan OLBRYCHT (EPP, PL) and Margarida MARQUES (S&D, PT), MFF co-rapporteurs, José Manuel FERNANDES (EPP, PT), and Valérie HAYER (Renew Europe, FR), Own Resources co-rapporteurs, and Rasmus ANDRESEN (Greens/EFA, DE), speak to the press on the next 2021-2027 Multiannual Financial Framework (MFF) and Own Resources, in the European Parliament in Brussels.

Press by co-Rapporteurs Petri Sarvamaa (EPP, FI) and Eider Gardiazabal Rubial (S&D, ES)

In Committee on Budgets, Members of Parliament’s negotiating team on the Multiannual Financial Framework (MFF) and Own Resources will take stock of progress in the negotiations with the German Presidency.

MEPs want the next annual EU budget to mitigate the effects of the COVID-19 outbreak and support the recovery, building on the low-carbon and digital transformation.

MEPs warn against watering down the proposed mechanism that should make EU financing conditional upon respect of rule of law.

Johan VAN OVERTVELDT (ECR, BE), Chair of BUDG Committee gives a press conference before MEPs participate in the plenary session to warn against diluting the proposed mechanism which should make EU funding conditional on respect for the rule of law

MEPs are set to accelerate the procedure that will enable the "Next Generation EU” recovery plan

Michael Roth, German Minister of State participates in an exchange of views in a meeting of the Committee on Budgets in the European Parliament in Brussels.

Michael Roth, German Minister of State participates in an exchange of views in a meeting of the Committee on Budgets

MEPs debate on the state-of-play of negotiations on the MFF and recovery plan

During the plenary session of the European Parliament in Brussels (23 July 2020), MEPs debate on the conclusions of the extraordinary European Council meeting (17-21 July).

David SASSOLI, EP President, talks to the press on the conclusions of the Special European Council, the revised Multiannual Financial Framework (MFF) and the Recovery Plan.

EU leaders met physically in Brussels to discuss the recovery plan to respond to the COVID-19 crisis and a new long-term EU budget. After his participation to the European Council, David SASSOLI, EP President, holds a press conference at the European Parliament in Brussels.

Members of the Multiannual Financial Framework (MFF) and Own resources group meet in the European Parliament, in Brussels.

During the plenary session of the European Parliament in Brussels (08-10 July 2020), MEPs debate on the European Council meetings of 19 June and of 17-18 July 2020.

During the plenary session in the European Parliament in Brussels (17-19 June 2020), joint debate on the preparation of the European Council meeting of 19 June 2020 Recommendations on the negotiations for a new partnership with the United Kingdom of Great Britain and Northern Ireland.

During the extraordinary plenary session of 27 May 2020 in Brussels, MEPs debate on EU Recovery package

During the plenary session (13-16 May 2020), MEPs discuss the new Multiannual Financial Framework (MFF), own resources and Recovery plan.

During the plenary session, MEPs discuss the conclusions of the special European Council Meeting of 20 February 2020 on the Multiannual Financial Framework.

In margins of the plenary session (10-13 February 2020), a seminar for journalists is organised on the EU long-term budget for 2021-2027, in the EP in Strasbourg.

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