Spotlight on the long-term EU budget
The long-term budget of the European Union (multiannual financial framework or ‘MFF’) covers a period of several years, sets provisions with which the annual EU budgets must comply and reflects the Union’s priorities, translating them into financial terms. It allocates resources to seven main sectors:
- Single market, innovation and digital
- Cohesion and values
- Natural resources and environment
- Migration and border management
- Security and defence
- Neighbourhood and the world
- European public administration
The Union is currently deciding on its future long-term budget from 2021 to 2027. Choices are now to be made for the years to come. The European Commission presented its proposal in early May 2018 for a post-2020 modern budget that protects, empowers and defends. This was recently followed by proposals for each spending programme, published in three waves in May and June.
While legal texts on the sectorial proposals are becoming available on EUR-Lex, this special newsletter is featuring key factsheets about their underlying principles. The interested reader wanting to find more information about the sectorial proposals can visit our special bundle.
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What kind of Europe for our future?
Every 7 years, the EU leaders have an opportunity to choose the kind of Europe they want — and to decide unanimously on how to finance their joint ambition to build it. A Europe limited to the single market does not need large funding programmes. A Europe that chooses to do more together needs the resources to match this wider ambition.
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A modern EU budget for a union that protects, empowers and defends
The next long-term budget, starting on 1 January 2021, will be the first for the European Union of 27 Member States. This is a pivotal moment for the EU. A time when the Union is ready to back up its words with actions. The Commission proposes a new, modern and focused long-term budget, tightly geared to the political priorities — bringing to life the positive agenda set out by President Juncker in the State of the Union address on 14 September 2016 and agreed by the leaders of the 27 Member States in Bratislava on 16 September 2016 and in the Rome Declaration of 25 March 2017. The proposed budget combines new instruments with modernised programmes to deliver efficiently on the European Union’s priorities and to rise to new challenges.
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Modernising the EU budget’s revenue side
The three revenue sources of the EU budget have remained the same over the last decades. This factsheet presents the Commission’s proposals for the modernisation of the EU budget’s revenue side.
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Sound financial management and the rule of law
The EU is a community based on the rule of law. Independent courts at national and EU level are entrusted with watching over the observation of our jointly agreed rules and regulations agreed and of their implementation in all Member States. However, there is currently no mechanism in place to protect EU tax payers’ money in case of deficiencies regarding the rule of law in a Member State. Only an independent judiciary that upholds the rule of law and legal certainty in all Member States can ultimately guarantee that money from the EU budget is sufficiently protected. The Commission proposes new rules to shield the EU budget from financial risks linked to generalised deficiencies as regards the rule of law.
Available in all the official languages of the EU |
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Any delay in adopting the EU budget will have consequences for citizens and businesses
This factsheet discusses the reasons why the EU needs a new budget in time as well as the risks a delay poses. The main reasons the EU budget should be in time are: to show that EU-27 is united and ready to deliver on its positive political agenda; to give certainty for authorities, partners and beneficiaries of EU funding; to allow for new programmes to start on 1 January 2021; to maintain the momentum of the economic recovery.
Available in all the official languages of the EU |
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