EU long-term finances: what’s the European Commission proposing?

Commissioner Piotr Serafin presents the new proposal for the next EU long-term budget to MEPs in the budgets committee. Right after its adoption by the Commission, they will discuss the multi-annual financial framework (MFF) beyond 2027 and own resources (the main sources of revenue for the EU budget).
 
The EU’s long-term budget, or multi-annual financial framework, needs Parliament’s approval to be adopted. MEPs have called for a more ambitious budget, given the urgent need to address future security concerns and raise Europe’s competitiveness, without undermining support for regions and rural communities.