Video: what is the multiannual financial framework?

Article 30-09-2020 - 13:19 20200924STO87805 Video: what is the multiannual financial framework? The EU's long-term budget https://multimedia.europarl.europa.eu/en/what-is-the-multiannual-financial-framework-or-mff_B01-ESN-20200924-EN_ev The multiannual financial framework (MFF) is a plan of how much can be invested in policies that strengthen Europe’s future. More in our video. The multiannual financial framework, or the EU long-term budget, lays down how much the European Union can invest over five to seven years on projects and programmes that strengthen Europe’s future. Investments funded by the EU budget benefit regions, cities, farmers, universities, businesses and all Europeans. The European Parliament, directly-elected by voters across the EU, has a central role in determining the long-term budget. Following Parliament’s approval on 16 December 2020, the EU’s 2021-2027 budget will invest €1.074 trillion in a greener, more digital and more resilient Europe over the coming seven years. . More reading The EU’s long-term budget explained Quiz: test your knowledge of the EU’s long-term budget Why is Parliament calling for new EU revenue-raising powers? Video: The EU decision-making process • • • • EN Directorate General for Communication European Parliament - Spokesperson: Jaume Duch Guillot Contact: webmaster@europarl.eu 1 I 1