Multiannual Financial Framework

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Presentation transcript:

Multiannual Financial Framework 2021-2027 Commission Proposal and State of Play of Negotiations

MFF 2021-2027 Key Features ´A modern budget for a Union that protects, empowers and defends´

The size of the EU budget as percentage of Gross National Income (GNI) *2014-2020 estimated commitments (UK expenditure excluded) in % EU27 GNI ** European Development Fund integrated (“budgetised”)

EU Budget Modernisation

Reinforcement of priorities Note: Compared to Multiannual Financial Framework 2014-2020 at EU-27, including European Development Fund Source: European Commission

Proposed Modernisation of Own Resources

Timeline of negotiations June European Council conclusions for an exchange of views in October 2019, aiming for an agreement before the end of the year 20-21/ 06/2019 October 2019 November / December 2019 After EUCO agreement After EP consent European Council Euro area budget instrument European Council Target agreement in European Council Negotiations Council – EP until EP consent MFF regulation, spending programmes and Annual Budget for 2021 adopted