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News Summary
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On September 3, 2025, the European Commission adopted a second package of sectoral proposals, completing the framework for the 2028-2034 Multiannual Financial Framework (MFF). This follows the initial proposal presented in July 2025 for a budget of nearly €2 trillion, representing about 1.26% of the EU’s gross national income. The new MFF emphasizes greater flexibility, simplification of EU financial programs, and the introduction of National and Regional Partnership Plans. Key priorities include boosting competitiveness, securing supply chains, scaling innovation, and leading in clean and smart technologies. The proposal also introduces a balanced package of new own resources to ensure adequate revenues while minimizing pressure on national budgets. This MFF aims to support Europe’s ambitions for independence, prosperity, security, and a thriving economy over the next decade. The proposal signals a shift towards EU competitiveness, resilience, and defense, alongside ongoing climate action and decarbonization efforts.
Source: European Commission Press Corner
Our Commentary
Background and Context
The Multiannual Financial Framework (MFF) is the European Union’s primary long-term budget instrument, setting spending limits and strategic priorities typically over a seven-year period. The current MFF covers 2021-2027, and the new proposal aims to establish the financial framework for 2028-2034. This long-term planning is crucial for providing stability and predictability in EU policy implementation and funding allocation across member states.
Expert Analysis
The proposed 2028-2034 MFF represents a significant evolution in the EU’s approach to budgeting and policy prioritization. The emphasis on flexibility and simplification indicates a recognition of the need for a more agile financial framework capable of responding to rapidly changing global circumstances. The introduction of National and Regional Partnership Plans suggests a move towards more tailored and localized implementation of EU funds, potentially increasing their effectiveness and impact.
Key points:
- Greater budget flexibility to address unexpected challenges
- Simplification of EU financial programs to improve accessibility
- Shift towards competitiveness, resilience, and defense as key priorities
Additional Data and Fact Reinforcement
The proposed MFF includes several structural changes and key figures:
- Total budget of nearly €2 trillion, approximately 1.26% of EU GNI
- €700 billion earmarked for green investments
- Introduction of new own resources to diversify EU funding sources
Related News
This MFF proposal comes in the context of ongoing global challenges, including climate change, geopolitical tensions, and economic recovery post-COVID-19. It also aligns with the EU’s broader strategic goals, such as the European Green Deal and digital transformation initiatives.
Summary
The proposed 2028-2034 MFF represents a significant shift in EU financial planning, emphasizing flexibility, simplification, and targeted investments. While maintaining focus on climate action, the new framework also prioritizes competitiveness and resilience, reflecting the EU’s evolving priorities in a changing global landscape.
