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

2. MFF Key Features
´A modern budget for a Union that protects, empowers and defends´

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

4. EU Budget Modernisation

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

6. Proposed Modernisation of Own Resources

7. 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