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
Budget of the European Union – Expenditure 2014 – 2017
What does the EU spend its money on every year? An overview of the EU’s expenses from 2014 to 2017.
EU: Payers and Receivers
Who pays the most into the EU - and who gets the most back? Discover our new Webgraphic.
2018 EU budget
The 2018 EU budget is set at €144.7 billion in payment appropriations.
EU to offer new proposals on external border protection: Juncker
European Commission President Jean-Claude Juncker says the body will unveil new proposals in September on ways of protecting the EU's external borders.
EU leaders to deal Macron eurozone reform setback
EU leaders are set to tackle watered-down proposals to reform the euro single currency, with a plan for a eurozone budget wanted by French President Emmanuel Macron left on the sidelines.
‘Differences’ persist on eurozone budget ahead of key EU summit
Eurogroup head Mario Centeno warns of differing opinions towards a plan by France and Germany to establish a eurozone budget, ahead of a key EU summit to discuss the matter.