EU budget hardball – get ready for tough post-Brexit MFF Negotiations
2018-2019 will be a crucial period for the future of EU finances. In May, the
European Commission will present a proposal on how to “modernise” the
Union’s post-Brexit Multiannual Financial Framework (MFF). The MFF, currently
adopted every seven years, regulates how much can be spent on average each
year in the EU budget’s different spending categories and how expenditures will
be funded.
At around 1% of the EU28’s Gross National Income (GNI), the EU’s
joint finances are small compared to the bloc’s total public expenditures
accounting for almost half of its GNI. Still, with payments of around EUR 147 bn
and commitments of EUR 155 bn annually under the 2014-2020 MFF to be
allocated between programs and member states, from a national perspective
there is much at stake.
EU Forecast
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