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European Parliament 20192024TEXTS ADOPTEDP9_TA(2024)0081 Multiannual financial framework for the years 2021 to 2027 European Parliament legislative resolution of 27 February 2024 on the draft Council
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01
Review the EU's budgetary priorities and guidelines for the upcoming period.
02
Gather relevant financial data and forecasts for the sectors impacted by the framework.
03
Identify and outline the key policy objectives that the framework will support.
04
Allocate estimated financial resources to each objective based on projected needs.
05
Ensure compliance with legal and operational regulations set by the European Union.
06
Consult with relevant stakeholders, including member states and civil society, for feedback and adjustments.
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Finalize the multiannual financial framework and prepare it for formal approval by the EU institutions.

Who needs multiannual financial framework for?

01
EU Member States seeking funding for community projects and initiatives.
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Regional and local governments implementing programs supported by EU funding.
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Non-governmental organizations (NGOs) accessing EU funds for social projects.
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Businesses and enterprises looking for financial assistance for innovation or development projects.
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Policy-makers at the EU level planning and prioritizing budget allocations for the upcoming years.
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The multiannual financial framework (MFF) is a long-term planning tool used by the European Union to set out the overall limits of its spending over a period of several years, usually seven. It aims to ensure that EU budgetary spending is predictable, coherent, and aligned with the Union's political priorities.
Entities that receive funding from the EU budget, including member states, regions, local authorities, and various organizations and institutions that benefit from EU financial support, are required to file reports related to the multiannual financial framework.
Filling out the multiannual financial framework involves detailing the planned expenditures and financing needs over the designated period. This includes completing standardized forms, providing budgetary estimates, and ensuring compliance with the relevant EU regulations and guidelines.
The purpose of the multiannual financial framework is to provide a clear and structured approach to EU budget planning, ensuring that the financial resources allocated correspond to the policy objectives and long-term priorities of the Union.
Information required includes budgetary allocations, summaries of spending programs, estimated expenses, revenue sources, implementation timelines, and assessments of the expected impact of the financed projects on the EU's goals.
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