EU BUDGET

A new framework for funding the future of Europe
The EU multiannual financial framework (MFF) ensures for periods of 7 years each the financing of common programmes in all policy areas in Europe ranging from agriculture to research, from regional policy to foreign aid. With Brexit looming, the EU has to face a funding gap of around 15 billion euros per year for the next budgetary period 2021-2027. At the same time, it has to tackle new challenges such as migration, security and defence, the digital transition and climate change. Many Member States have already rejected both expenditure increase and cuts in agricultural and regional funds, as well as new criteria for the allocation of money linked to rule of law and refugees.
The illuminated sculpture of the Euro currency stands in front of the office highrise of the European Central Bank (ECB) in Frankfurt Main, Germany, 8 January 2014. The monetary watchdogs of the ECB have met to discuss issues on the policy for the European currency for the first time in 2014 on 9 January 2014. Photo: Arne Dedert/dpa/archive
The illuminated sculpture of the Euro cu […]

European Commission accepts Italy’s revised budget

Italy and the European Commission have announced a new budget deal after weeks of wrangling over the country's 2019 spending plans.
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