The Commission has presented its proposal for an ambitious and dynamic long-term EU budget, the so-called Multiannual Financial Framework (MFF), which will run for seven years, starting in 2028. Almost €2 trillion, or 1.26% of the average EU’s gross national income between 2028 and 2034, will support Europe’s ambition to be independent, safe, prosperous and thrive over the coming decade.
Europe’s increasing challenges in security, defence, competitiveness, migration, energy and climate resilience require a strong and forward-looking response. Therefore, the Commission has proposed a fundamental redesign of the EU budget. It will significantly enhance the EU’s capacity to deliver on core policies, address new and emerging priorities and continue to support people, businesses, EU countries, regions, partners, and, above all, the EU’s collective future.
Key features of the new EU budget
- more flexibility across the budget, so Europe can act and react fast when needed
- simpler, more streamlined and harmonised EU financial programmes for easier access to funding
- a budget tailored to local needs, with national and regional partnership plans for targeted impact where it matters most
- a competitiveness boost for Europe to secure supply chains, scale up innovation and lead in clean and smart technology
- balanced new own resources which bring adequate revenues for our priorities while minimising pressure on national public finances
The long-term budget is designed to ensure that EU funding is steered by the EU’s political priorities, delivering results that EU countries cannot achieve alone. It focuses on:
- investing in people, EU countries and regions
- fostering education and democratic values
- driving prosperity via competitiveness, research and innovation
- protecting people and building preparedness and resilience to face new challenges
- protecting Europe
- building partnerships for a stronger Europe in the world
- bringing in new own resources to match our common ambition.
The proposal will be negotiated with the European Parliament, elected by EU citizens, and the Council of the EU, representing EU countries, before final adoption. It should come into force in January 2028.
For more information
Press release: An ambitious budget for a stronger Europe: 2028-2034
