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The EU's general budget for 2024 is scheduled for adoption during the European Parliament's November II plenary session. Parliament will vote on the provisional agreement it reached with the Council on 11 November 2023 during budgetary conciliation. The Council has to approve the provisional agreement formally before Parliament puts it to the vote. The agreed 2024 budget sets commitment appropriations at €189.4 billion and payments at €142.6 billion, including special instruments. The provisional ...

During its November II plenary session, the European Parliament is expected to adopt the EU's general budget for 2023. Parliament will vote on the provisional agreement reached on 14 November 2022 during the budgetary conciliation between Parliament and the Council, and due to be formally voted by the Council before the Parliament's vote. Once adopted, commitment appropriations for 2023 will amount to €186.6 billion and payments to €168.6 billion, including special instruments. The negotiators also ...

Draft Amending Budget No 2/2021 (DAB 2/2021) aims to finance actions for prevention and the response to the coronavirus pandemic, in particular preparatory work for the 'digital green certificate' and genetic sequencing. It also introduces technical adjustments following the adoption of the Multiannual Financial Framework (MFF) for 2021-2027, and secures part of the financing for mobilisation of the EU Solidarity Fund (EUSF) – for which a decision is submitted simultaneously. The proposed EUSF mobilisation ...

As of 1 January 2021, the new multiannual financial framework (MFF) that details the structure of EU finances up to 2027 started to apply, following publication of the MFF Regulation in the Official Journal. In the wake of the coronavirus pandemic, the lengthy negotiations in the Council and European Council gained momentum when they became intertwined with the debate on the Next Generation EU recovery instrument. The European Parliament, which gave its consent on 16 December 2020, managed to obtain ...

The European Union's long-term budget, the multiannual financial framework (MFF), sets out the maximum annual amounts of spending for a seven-year period. It is structured around the EU's spending priorities, reflected in broad categories of expenditure or 'headings'. Heading 1 – Single market, innovation and digital – is one of the seven headings in the MFF proposed by the European Commission for the new 2021-2027 financial period. The heading covers spending in four policy areas: research and innovation ...

The Multiannual Financial Framework (MFF) sets the maximum level of resources (‘ceiling’) for each major category (‘heading’) of EU spending for a period of seven years. In addition to a financial plan, it sets the EU’s long-term priorities. With the 2014-2020 MFF nearing its end, the EU is now in negotiations on the next long-term budget. In May 2018, the European Commission presented a package of legislative proposals for the 2021-2027 MFF. Equivalent to 1.11 % of EU-27 gross national income (GNI ...

For the new 2021-2027 multiannual financial framework (MFF), the European Commission proposes to dedicate a separate heading to security and defence – Heading 5. Although the European Union (EU) has already financed action linked to security and defence, this is the first time that this policy area has been so visibly underlined in the EU budget structure. With an allocation of €24 323 million (in 2018 prices), Heading 5 is the smallest of the seven MFF headings and represents 2.1 % of the total ...

In May 2018, the European Commission published its proposals for the new multiannual financial framework (MFF), the EU's seven-year budget for the 2021-2027 period, followed by proposals for the MFF's individual sectoral programmes. In the proposals, financing external action is covered under Heading 6, 'Neighbourhood and the World', which replaces the current Heading 4, 'Global Europe'. Taking into account the evolving context both internationally and within the EU, as well as the conclusions of ...

The process of negotiating a new seven-year financial plan for the EU has now begun formally with the Commission's publication of proposals for a 2021-2027 Multiannual Financial Framework (MFF), and for a new system of own resources providing the revenue to pay for it. This analysis presents the proposed new MFF and own resources and compares them to the status quo, as well as to the European Parliament's priorities as expressed in plenary resolutions adopted in spring 2018.

On 2 May, the Commission is expected to publish proposals for a new multiannual financial framework (MFF) for the European Union for the years after 2020, as well as for a new system of own resources (OR) to provide the EU with the means to finance its annual budgets. The following day the proposals are to be presented to the Parliament's Committee on Budgets (BUDG).The proposals are being published as a package, and will be followed by a series of further legislative proposals for individual spending ...