| Author (Corporate) | European Parliament: European Parliamentary Research Service |
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| Series Title | What Think Tanks Are Thinking |
| Series Details | 09.03.18 |
| Publication Date | 09/03/2018 |
| Content Type | Journal | Series | Blog |
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Further information On 2 May 2018, the European Commission presented its proposal for the Multiannual Financial Framework for the 2021-2027 period (2021-2027 MFF), outlining the structure of the EU budget and the policy priorities of the EU for a period of seven years, together with proposals on own resources financing the EU budget and a proposal to link the EU budget and the rule of law. A series of further legislative proposals presenting the individual spending programmes was expected later in May and June 2018. The Commission proposed that the 2021-2027 MFF (commitment appropriations) amounted to €1,135bn in 2018 prices or 1.11% of EU GNI. The previous MFF, converted into 2018 prices and including the European Development Fund (EDF) for comparative purposes, amounted to €1,138bn or 1.03% of EU GNI. Note, however, that this comparison did not take account of the various changes in programmes proposed or the impact of Brexit. The number of headings would grow from the 2014-2020 MFF to 2021-2027 MFF, from five to seven, and some programmes changed place from one heading to another. Regarding the structure of the 2021-2027 MFF, the Commission proposals had the ambition to align the budget closer to the political priorities, to simplify the structure of the EU budget (i.e. a reduced number of programmes), and to increase the flexibility within and between programmes. There was no agreement on how to plug the hole in the budget resulting from the United Kingdom's withdrawal from the EU in 2019. Some net-paying countries argued that EU spending should remain at the current level of approximately 1% of EU gross national income, despite new priorities. That could mean cuts in funding available for cohesion and agricultural policies. Another dispute concerned the possibility of linking the receipt of EU funds to respect of EU fundamental values. The European Commission was due to make a detailed post-2020 MFF proposal in May 2018. This note offered links to a selection of recent commentaries, studies and reports from some of the major international think tanks and research institutes, which discussed the EU's long-term budget and related reforms. Some older papers on the topic could be found in a previous edition of 'What Think Tanks are thinking' published in January 2017, and further edition in January 2018. Compiler: Marcin Grajewski |
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| Source Link | Link to Main Source http://www.europarl.europa.eu/RegData/etudes/BRIE/2018/614541/EPRS_BRI(2018)614541_EN.pdf |
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| Subject Categories | Economic and Financial Affairs |
| Countries / Regions | Europe |
