The multiannual financial framework is essentially the European Union’s long-term budget plan. It sets the spending priorities and limits for the EU for several years, ensuring that the EU’s financial resources are in line with its political and economic goals. The multiannual financial framework sets out the structure for annual budgets and helps balance the competing interests of EU countries.
It allocates financial resources across a variety of areas, including funding for less developed regions, subsidies and rural development, humanitarian aid and investments in the green and digital transitions, and in EU foreign policy.

The Multiannual Financial Framework

The parliamentarians are expected to call for a significantly more ambitious long-term EU budget to match EU citizens' expectations in an increasingly complex global landscape. They are likely to argue that the current budget ceiling of 1% of the EU-27’s gross national income is insufficient to respond effectively to the growing range of crises and challenges.

The&nbsp;text&nbsp;prepared by the Budgets Committee highlights that the United States’ retreat from its global role means EU spending will now have to address Russia’s war of aggression against Ukraine, in addition to a highly challenging economic and social backdrop, a competitiveness gap, and the worsening climate and biodiversity crisis.

Parliament’s priorities for the next long-term EU budget are designed to feed into the Commission’s proposal on the next MFF, due to&nbsp;&nbsp;be unveiled in July.

The EU’s 2021-2027 long-term budget, together with the NextGenerationEU recovery instrument, amounts to €2.018 trillion in current prices (€1.8 trillion in 2018 prices).&nbsp;The package consists of the long-term budget, the 2021-2027 multiannual financial framework, made up of €1.211 trillion in current prices (€1.074 trillion in 2018 prices), combined with the temporary recovery instrument, NextGenerationEU, of €806.9 billion (€750 billion in 2018 prices).

EU Multiannual Financial Framework 2021-2027

Launched in 1962, the EU’s common agricultural policy (CAP) is a partnership between agriculture and society, and between Europe and its farmers. It aims to: support farmers and improve agricultural productivity, ensuring a stable supply of affordable food; safeguard European Union farmers to make a reasonable living; help tackle climate change and the sustainable management of natural resources; maintain rural areas and landscapes across the EU; keep the rural economy alive by promoting jobs in farming, agri-food industries and associated sectors.

The CAP is a common policy for all EU countries. It is managed and funded at European level from the resources of the EU’s budget. CAP 2023-27 To consolidate the role of European agriculture for the future, the CAP has evolved over the years to meet changing economic circumstances and citizens’ requirements and needs.

The CAP 2023-27 entered into force on 1 January 2023.&nbsp;Support for farmers and rural stakeholders across the 27 EU countries is based on the CAP 2023-27 legal framework and the choices detailed in the&nbsp;CAP Strategic Plans, approved by the Commission. The approved Plans are designed to make a significant contribution to the ambitions of the&nbsp;European Green Deal,&nbsp;Farm to Fork Strategy&nbsp;and&nbsp;Biodiversity Strategy.

Common agricultural policy (CAP)

The common agricultural policy (CAP) is one of the oldest common policies in the EU. Its significance is reflected in the proportion of the EU's budget devoted to it, representing approximately 40% of the total. Developed at a time when Europe was unable to meet most of its own food needs, it was necessary to encourage farmers to produce food by means of guaranteed prices. The policy has undergone regular reform and has evolved over the years.

As part of the preparation of the EU budget for 2021-2027, the European Commission put forward a new set of regulations to shape the future CAP on 1 June 2018. The proposal for a regulation on the financing, management and monitoring of the CAP provides the legislative framework for adapting the financing, management and monitoring rules to a new CAP delivery model.

See more on this topic by visiting our <a href="https://multimedia.europarl.europa.eu/en/common-agricultural-policy-8th-parliamentary-term_6503_pk">package</a> for the 8th parliamentary term.

Common agricultural policy (2019-2020)

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.

EU Multiannual Financial Framework 2021-2027 - 8th Parliamentary term

MEPs debate on Tuesday and vote on Wednesday on Parliament's vision for the next multiannual financial framework (MFF).
The parliamentarians call for a significantly more ambitious long-term EU budget to match EU citizens' expectations in an increasingly complex global landscape. They argue that the current budget ceiling of 1% of the EU-27’s gross national income is insufficient to respond effectively to the growing range of crises and challenges.

The text prepared by the Budgets Committee highlights that the United States’ retreat from its global role means EU spending will now have to address Russia’s war of aggression against Ukraine, in addition to a highly challenging economic and social backdrop, a competitiveness gap, and the worsening climate and biodiversity crisis. Parliament’s priorities for the next long-term EU budget are designed to feed into the Commission’s proposal on the next MFF, due to be unveiled in July. The co-rapporteurs give a press conference on Wednesday at 14.00, following the vote in plenary.

Revamped long-term budget for the Union

Meeting of the EP Conference of Presidents in the presence of Ursula VON DER LEYEN, President of the European Commission

Press conference - Outcome of the MFF revision vote

EP Plenary session - A revamped long-term budget for the Union in a changing world

BUDG committee - vote on EU multiannual financial framework (MFF)

Press conference on the Outcome of the MFF revision vote.

EP Plenary session - Joint debate on MFF revision

Press conference on the Reform of the EU's long-term budget MFF: outcome of the vote on Parliament's interim report

EP Plenary session - Mid-term revision of the Multiannual Financial Framework 2021-2027

Press conference on the Commission's proposals for the MFF revision

EP Plenary session - Upscaling the 2021-2027 Multiannual Financial Framework

The multiannual financial framework (MFF) is established for a period of seven years and lays down the maximum spending ceilings for different policy areas. Roberta METSOLA, EP President, Siegfried MUREŞAN (EPP, RO) and Carla TAVARES (S&D, PT), co-rapporteurs, hold a press conference on the next EU long-term budget (MFF) and the outcome of the vote on Parliament's priorities. This transcription is a result of an automatic process. Please check against delivery.

Press conference by Roberta METSOLA, EP President, Siegfried MUREŞAN (EPP, RO) and Carla TAVARES (S&D, PT), co-rapporteurs on the next EU long-term budget (MFF): outcome of the vote on Parliament's priorities

This infoclip illustrates the European Union long term budget (MFF) and EU funded projects in several sectors. Therefore this infoclip shows illustrative footage of some EU funded projects in areas such as agriculture, energy, transports, innovation, culture and education, defence and industry. The current multiannual financial framework (MFF) for the period 2021-2027 is over €2 trillion euros strong (€1,2 trillion boosted with the additional EU Next Generation recovery instrument and its €800 billion). This long term budget uphold the different policies and main programs of the EU.

Infoclip: EU long-term budget and EU funded projects

Remarks on the closing of the 9th legislative term, MEPs vote on the following topics: Azerbaijan, notably the repression of civil society and the cases of Dr Gubad Ibadoghlu and Ilhamiz Guliyev; the proposed repeal of the law banning female genital mutilation in The Gambia; the new security law in Hong Kong and the cases of Andy Li and Joseph John; Freund (AFCO 22/04); Asimakopoulou (BUDG 22/04); Mureşan (A9-0174/2024); Mureşan (BUDG 22/04); Oetjen (A9-0409/2023); Kanko (A9-0411/2023); Ehler (A9-0343/2023); Russia's undemocratic presidential elections and their illegitimate extension to the occupied territories; new allegations of Russian interference in the European Parliament, in the upcoming EU elections and the impact on the Union; attempts to reintroduce a foreign agent law in Georgia and its restrictions on civil society and Iran’s unprecedented attack against Israel, the need for de-escalation and an EU response.

Voting session

MEPs vote on the following topics: Olbrycht, Marques (A9xxxx/2024) - Multiannual financial framework for the years 2021 to 2027; resolution Olbrycht, Marques Multiannual financial framework for the years 2021 to 2027 - resolution; Gahler, Gardiazabal Rubial (A9-0286/2023) - Establishing the Ukraine Facility; Fernandes, Ehler (A9-0290/2023) - Establishing the Strategic Technologies for Europe Platform (‘STEP’); Wölken (A9-0223/2023) - Protection of journalists and human rights defenders from manifestly unfounded or abusive court proceedings; Cicurel (A9-0278/2023) - Proposed amendments to Protocol No 3 on the Statute of the Court of Justice of the European Union; Weiss (A9-0290/2022) - Shipments of waste; and Fernández (A9-0344/2023) - Certain aspects of the minimum requirement for own funds and eligible liabilities.

Voting session: MMF for the years 2021 to 2027 and Ukraine Facility

Jan OLBRYCHT (EPP, PL) and Margarida MARQUES (S&D, PT), co-rapporteurs, speak to the press on the outcome of the MFF revision vote. This transcription is a result of an automatic process. Please check against delivery.

Press conference by Jan OLBRYCHT (EPP, PL) and Margarida MARQUES (S&D, PT), co-rapporteurs on the Outcome of the MFF revision vote

MEPs debate long-term funding for Ukraine, the “Strategic Technologies for Europe Platform” (STEP), and associated major changes to the multi-year EU budget. The revision of the EU’s long-term budget – the multiannual financial framework (MFF) – includes the €50 billion Ukraine Facility and the “Strategic Technologies for Europe Platform” (STEP) which aims to support EU competitiveness and resilience in strategic sectors. It also bolsters the EU’s budget to deal with migration and external challenges as well as the EU's crisis preparedness and budgetary flexibility. Opening statements by rapporteurs and Mathieu MICHEL, Belgian State Secretary and Johannes HAHN, European Commissioner for Budget and Administration. This transcription is a result of an automatic process. Please check against delivery.

Joint debate - MFF revision: opening statements by rapporteurs and Mathieu MICHEL, Belgian State Secretary and Johannes HAHN, European Commissioner for Budget and Administration

MEPs are set to approve long-term funding for Ukraine, the “Strategic Technologies for Europe Platform” (STEP), and associated major changes to the multi-year EU budget. The revision of the EU’s long-term budget – the multiannual financial framework (MFF) – includes the €50 billion Ukraine Facility and the “Strategic Technologies for Europe Platform” (STEP) which aims to support EU competitiveness and resilience in strategic sectors. It also bolsters the EU’s budget to deal with migration and external challenges as well as the EU's crisis preparedness and budgetary flexibility. Furthermore, in line with Parliament’s demands, the revision introduces a mechanism to tackle escalating costs linked to the repayment of the NextGenerationEU recovery plan amid rising interest rates. On Tuesday, Parliament will debate and vote on the corresponding texts recently agreed with the EU member states: MFF revision

Joint debate - MFF revision: MEPs debate

Joint debate - MFF revision: Closing statement by Margarida MARQUES and Jan OLBRYCHT, Rapporteurs and by Johannes HAHN, European Commissioner for Budget and Administration

Multiannual financial framework 2021-2027 (T)

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