The next EU Budget
Negotiations are currently underway as the EU looks to decide upon its upcoming budget for the 2021-2027 period. The current proposals look to establish an EU budget which reflects rapid developments in innovation, the economy and the environment.
The EU budget, formally known as the Multiannual Financial Framework (MFF), is the way in which the EU funds its activities and operations. It is the main instrument through which Member States and their citizens access EU funding opportunities.
For the next MFF, current proposals look to focus on a variety of areas, particularly on the issue of migration and border management, the environment, as well as continuous innovation in the digital single market.
Current negotiations are not without their challenges, as the current status of the United Kingdom as a Member State makes it difficult for Member States to decide on the total allocation of resources and how such resources would be divided on the different priority areas.
Negotiations are expected to conclude in 2020, depending heavily on whether the UK would be able to withdraw from the EU by January 31, 2020.
For more information on the upcoming budget, please click here.