|Author (Corporate)||European Commission: Secretariat General|
|Series Details||COM (2018) 321|
|Content Type||Blog & Commentary, News, Policy-making|
Communication adopted by the European Commission on 2 May 2018, providing an overview to a package launching the legislative process as regards the European Union's (EU) Multiannual Financial Framework (MFF) for the period 2021-2027.
The Communication provides context to a number of draft laws adopted alongside it by the European Commission:
The proposed budget combines new instruments with modernised programmes, aiming to deliver efficiently on the EU's priorities and to rise to new challenges. It shows how the financing of the budget could be simplified and reformed to forge a stronger link with the political priorities set out by the Union. It also responds to the budgetary consequences of the United Kingdom's (UK) withdrawal from the European Union. The proposals are a result of the debate that followed up the adoption of an earlier Communication, in which the Commission set out options for the forthcoming multiannual EU budget.
A debate on this package of initiatives was held at the European Parliament's plenary session also on 2 May. A non-legislative resolution on the proposals was backed by the plenary session on 30 May. The Parliament adopted its negotiating position on the package in November 2018. Negotiations towards a compromise agreement for the multiannual budget were slow-paced, due to considerable disagreements between institutions and within the Council of the European Union regarding the size and other aspects of the MFF.
|Subject Categories||Economic and Financial Affairs|
|Subject Tags||EU Budget, Multiannual Financial Framework [MFF]|
|International Organisations||European Union [EU]|