The EU multiannual financial framework (MFF) ensures for periods of 7 years each the financing of common programmes in all policy areas in Europe ranging from agriculture to research, from regional policy to foreign aid. With Brexit looming, the EU has to face a funding gap of around 15 billion euros per year for the next budgetary period 2021-2027. At the same time, it has to tackle new challenges such as migration, security and defence, the digital transition and climate change. Many Member States have already rejected both expenditure increase and cuts in agricultural and regional funds, as well as new criteria for the allocation of money linked to rule of law and refugees.
EU BUDGET
A new framework for funding the future of Europe
EU tax for massive recovery package? We’ll see…
One of the biggest gambles of the 750 billion-euro coronavirus recovery package agreed by the EU is the idea that Brussels will be able to raise new taxes and levies across Europe to pay for it
EU leaders strike deal on historic coronavirus stimulus package
After a marathon summit with long negotiations, European Union leaders finally struck a deal for a recovery stimulus plan and a long-term budget.
EU leaders agree to link funds to rule of law
EU leaders have for the first time agreed to link payment of funds to a member state with respect for the bloc's legal norms -- though Poland and Hungary say they blocked tougher planned measures
EU’s virus recovery plan: historic but imperfect
The 750-billion-euro coronavirus recovery deal struck by EU leaders may be a historic landmark, but analysts are already warning it comes with substantial flaws
Five things to know about the EU virus recovery plan
The European Union's 27 member states emerged from an intense four-day and four-night summit brandishing a huge coronavirus recovery plan and a trillion-euro long-term budget
EU leaders cautiously optimistic deal on virus recovery fund in sight
European Union leaders are currently having major talks for a shared economic stimulus package to recoup the damage caused by the coronavirus pandemic for the fourth day in a row. An agreement seems difficult to reach.