2014-2020 MFF MID-TERM REVISION – 20 MARCH

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2014-2020 MFF MID-TERM REVISION - 20 MARCH
20 Mar 2017

2014-2020 MFF MID-TERM REVISION – 20 MARCH

Brussels Daily

2014-2020 MULTIANNUAL FINANCIAL FRAMEWORK (MFF): MID-TERM REVISION

The Multiannual Financial Framework (MFF) sets the maximum level of resources (‘ceiling’) for each major category of EU spending for the years 2014-2020. Based on the compulsory mid-term review of the MFF, the European Commission proposes to modify the flexibility provisions and special instruments of the MFF Regulation. The aim is to increase the capacity of the EU budget to address unforeseen events and new priorities, against a backdrop of persistent challenges inside and outside the EU. The proposal is part of a broader package that seeks to allocate an extra €6.33 billion to job creation, growth, migration and security challenges, without modifying the MFF ceilings. In March 2017, the Council reached agreement on a text that strengthens some special instruments. The Parliament, which has long pushed for MFF revision, has now to decide whether to approve the compromise. Read the European Parliament Briefing here

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