Interview with Josep BORRELL FONTELLES, EP President 2004 - 2007

The story of the EP by its Presidents: Josep BORRELL FONTELLES, EP President 2004 - 2007 - 10. EU own ressources

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

This package contains the events between 1st July 2019 and 31 December 2020. For latest events, see related links.

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.

EU Multiannual Financial Framework 2021-2027 and recovery plan (2019-2020)

MEPs in the Budgets Committee discuss with Commissioner Piotr Serafin the proposal for the post 2027 EU long-term budget, i.e. the multi-annual financial framework (MFF) beyond 2027 and own resources, right after its adoption by the Commission

BUDG- Meeting with Commissioner Piotr Serafin on MFF beyond 2027 and Own Resources

EP Plenary session - Threats to EU sovereignty through strategic dependencies in communication infrastructure

Meeting of the EP Conference of Presidents:- arrival and roundtable

EP Plenary session - Conclusions of the extraordinary European Council meeting of 23 April 2020 and New MFF, own resources and Recovery plan

Plenary session - MFF and own resources post-2020

EP Press conference.Vote on BUDG position on EU's next long-term budget post-2020 (MFF) and Own Resources reform

BUDG committee - Vote on the next MFF : Preparing the Parliament’s position on the MFF post-2020.Vote on the reform of the European Union’s system of own resources

MEPs vote on different topics. Among them: 1. Negrescu (BUDG A10-0165/2025) - Draft amending budget No 2 to the general budget 2025 - Update of revenue (own resources) and adjustments to expenditure 2. Chastel (BUDG A10-0168/2025) - Mobilisation of the European Globalisation Adjustment Fund: application EGF/2025/002 DE/Goodyear 2 - Germany 3. Rzońca (BUDG A10-0163/2025) - Mobilisation of the European Globalisation Adjustment Fund: application EGF/2025/001 BE/BelGaN - Belgium 4. Diepeveen (PECH A10-0159/2025) - EC-Côte d’Ivoire Fisheries Partnership Agreement – Protocol on the implementation of the Agreement for 2025-2029 5. Lange (INTA A10-/) - Withdrawal of the European Union from the International Rubber Study Group 6. Andersson (EMPL A10-0160/2025) - Guidelines for the employment policies of the Member States 7. Motions for resolutions - Objection pursuant to Rule 115(2) and (3): Genetically modified maize DP51291

Voting session

This news item sows extracts from the meeting of the Committee on Budgets with Piotr SERAFIN, European Commissioner for Budget, Anti-Fraud and Public Administration, on the Multi-annual Financial Framework beyond 2027 and Own Resources. The multiannual financial framework (MFF) is established for a period of seven years and lays down the maximum spending ceilings for different policy areas. After having secured Parliament’s consent, granted by a majority of its component members, EU governments adopt the MFF regulation by unanimity. The EU’s current long-term budget runs out on 31 December 2027.

BUDG meeting with Piotr SERAFIN, European Commissioner for Budget, Anti-Fraud and Public Administration, on the Multi-annual Financial Framework beyond 2027 and Own Resources: extracts from the meeting

Siegfried MUREŞAN (EPP, RO) and Carla TAVARES (S&D, PT), Co-rapporteurs, and Sandra GÓMEZ LÓPEZ (S&D, ES) and Danuše NERUDOVÁ (EPP, CZ), co-rapporteurs for the Own Resources on the EU long-term budget, hold a press conference following the BUDG Committee meeting on Multi-annual Financial Framework beyond 2027 and Own Resources. This transcription is a result of an automatic process. Please check against delivery.

Press point by Siegfried MUREŞAN (EPP, RO) and Carla TAVARES (S&D, PT), Co-rapporteurs, following the BUDG Committee meeting on Multi-annual Financial Framework beyond 2027 and Own Resources

MEPs in the Budgets Committee (BUDG) discuss with Piotr SERAFIN, European Commissioner for Budget, Anti-Fraud and Public Administration, the proposal for the post 2027 European Union long-term budget, i.e. the multi-annual financial framework (MFF) beyond 2027 and own resources, right after its adoption by the Commission. Closing statements by Johan VAN OVERTVELDT (ECR, BE), Chair of BUDG Committee.

Multi-annual Financial Framework (MFF) beyond 2027 and Own Resources: Closing statements by Johan VAN OVERTVELDT (ECR, BE), Chair of BUDG Committee

MEPs in the Budgets Committee (BUDG) discuss with Piotr SERAFIN, European Commissioner for Budget, Anti-Fraud and Public Administration, the proposal for the post 2027 European Union long-term budget, i.e. the multi-annual financial framework (MFF) beyond 2027 and own resources, right after its adoption by the Commission. Catch-the-eye with Piotr SERAFIN, European Commissioner for Budget, Anti-Fraud and Public Administration.

Multi-annual Financial Framework (MFF) beyond 2027 and Own Resources: Catch-the-eye with Piotr SERAFIN, European Commissioner for Budget, Anti-Fraud and Public Administration

MEPs in the Budgets Committee (BUDG) discuss with Piotr SERAFIN, European Commissioner for Budget, Anti-Fraud and Public Administration, the proposal for the post 2027 European Union long-term budget, i.e. the multi-annual financial framework (MFF) beyond 2027 and own resources, right after its adoption by the Commission. Answer by Piotr SERAFIN, European Commissioner for Budget, Anti-Fraud and Public Administration - BUDG Committee.

Multi-annual Financial Framework (MFF) beyond 2027 and Own Resources: Answer by Piotr SERAFIN, European Commissioner for Budget, Anti-Fraud and Public Administration - BUDG Committee

MEPs in the Budgets Committee (BUDG) discuss with Piotr SERAFIN, European Commissioner for Budget, Anti-Fraud and Public Administration, the proposal for the post 2027 European Union long-term budget, i.e. the multi-annual financial framework (MFF) beyond 2027 and own resources, right after its adoption by the Commission. Statements by MFF and Own Resources Shadow Rapporteurs - BUDG Committee.

Multi-annual Financial Framework beyond 2027 and Own Resources: Statements by MFF and Own Resources Shadow Rapporteurs - BUDG Committee

MEPs in the Budgets Committee (BUDG) discuss with Piotr SERAFIN, European Commissioner for Budget, Anti-Fraud and Public Administration, the proposal for the post 2027 European Union long-term budget, i.e. the multi-annual financial framework (MFF) beyond 2027 and own resources, right after its adoption by the Commission. Statements by Siegfried MUREŞAN (EPP, RO), Carla TAVARES (S&D, PT), Danuše NERUDOVÁ (EPP, CZ) and Sandra GÓMEZ LÓPEZ (S&D, ES), MFF and Own Resources Co-Rapporteurs.

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