|Author (Corporate)||European Commission: Secretariat General|
|Series Details||COM (2020) 443|
Proposed Regulation published by the European Commission on 27 May 2020, which amends certain elements of the original proposal laying down the Multiannual Financial Framework (MFF) for 2021-2027 in light of the investment needs in the aftermath of the COVID-19 (coronavirus) pandemic.
In the aftermath of the sanitary emergency, the Commission set out in its umbrella Communication a comprehensive plan for socioeconomic recovery across the European Union (EU). The proposed long-term budget (MFF) is seen as the main tool to achieve the endeavour, including its new temporary instrument. The Commission's aim is to repair the immediate economic and social damage caused by the pandemic and set the EU on the path to a sustainable and resilient recovery, as set out by its Communication on Europe's Recovery Plan.
The fundamentals of the Commission's original proposals for the MFF 2021-2027 are still regarded as valid, nonetheless. However, such proposals must be strengthened and adapted to power recovery across the EU, through new dedicated instruments and reinforcements for the programmes most critical to recovery.
|Subject Categories||Economic and Financial Affairs|
|Subject Tags||EU Budget, Multiannual Financial Framework [MFF]|
|International Organisations||European Union [EU]|