On 16 July 2025, the European Commission presented its proposal for an ambitious and forward-looking Multiannual Financial Framework (MFF), amounting to nearly EUR 2 trillion (or 1.26 % of the EU’s gross national income on average between 2028 and 2034). This framework is designed to provide the EU with a long-term investment budget that matches its ambition to be an independent, prosperous, secure, and thriving society and economy in the decade ahead.

Key features of the new MFF include:

•  Greater flexibility across the budget, ensuring Europe can act – and react – swiftly in response to unexpected developments or emerging policy priorities.
• Simpler, more streamlined and harmonised EU funding programmes, making it easier for citizens and businesses to find and access financial support.
• A budget tailored to local needs, through National and Regional Partnership Plans for investments and reforms, delivering targeted impact and more flexible support for stronger economic, social, and territorial cohesion across the Union.
• A major boost to competitiveness, to strengthen supply chains, scale up innovation, and lead globally in clean and smart technologies.
• A balanced package of new own resources, providing adequate revenues to fund shared priorities while limiting pressure on national budgets.