Article - Video: what is the multiannual financial framework?
The multiannual financial framework, or the EU long-term budget, lays down how much the European Union can invest over five to seven years on projects and programmes that strengthen Europes future.
- The multiannual financial framework, or the EU long-term budget, lays down how much the European Union can invest over five to seven years on projects and programmes that strengthen Europes future.
- Investments funded by the EU budget benefit regions, cities, farmers, universities, businesses and all Europeans.
- The European Parliament, directly-elected by voters across the EU, has a central role in determining the long-term budget.
- With the current multiannual financial framework due to end on 31 December 2020, Parliament is now in negotiations with the Council and the European Commission on the 2021-2027 budget.