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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

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.