Article - Revision of EU long-term budget: why Parliament wants improvements

The EU long-term budget, also known as the Multiannual Financial Framework (MFF.

Metadata
Provider: 
European ParliamentEuropean Parliament
URL: 
https://www.europarl.europa.eu/news/en/headlines/eu-affairs/20230928STO06014/https://www.europarl.europa.eu/news/en/headlines/eu-affairs/20230928STO06014/
Retrieved on: 
Wednesday, October 4, 2023
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Tags: 
Adoption, Multiannual Financial Framework, MFF, Commission, Farmer, Kremlin, Member of the European Parliament, Aggression, Negotiation, European Commission, Student, Refugee, Council, Health, Strategic technology plan, Cryptocurrency, Recycling, Renewable energy, Arms industry, Personal protective equipment, Bank, EU, Parliament
Geotags: 
EUROPE, MOLDOVA, UKRAINE
Summary
Key Points: 
  • The EU long-term budget, also known as the Multiannual Financial Framework (MFF.
  • ), is the seven-year financial plan that determines how much money the EU can invest in different priorities, such as supporting farmers, regions, businesses, students or researchers.
  • Why changes in the EU long-term budget are needed
    Many unforeseen developments have taken place since the EU adopted its current long-term budget at the end of 2020.
  • Mid-term revision of the EU long-term budget
    The European Commission came up with a proposal for a revision of the long-term budget in June 2023.
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