The Future of the EU Budget

Abstract:

A new round of negotiations on the EU’s Multiannual Financial Framework, which runs from 2021, will soon begin.

A mayor net payer to the budget are leaving the EU and an increasing number of internal and external challenges have been added to the agenda in recent years, making the negotiations more complex, perhaps, than ever before.

In this report the authors analyse likely negotiation scenarios, building on the stability of EU budget negotiations, the preferences of the EU institutions and the capacity of individual member states to act as policy entrepreneurs. They argue that it is still possible to achieve path-breaking reforms, even while accommodating both Brexit and other new challenges.