Multiannual Financial Framework 2028-34

The Multiannual Financial Framework for 2028-2034 is the Commission's proposal for the next long-term EU budget, presented on 16 July 2025. The Commission proposes a budget of almost €2 trillion, or 1.26% of the average EU gross national income between 2028 and 2034. It says the budget would invest in people, EU countries and regions, drive prosperity through competitiveness, research and innovation, protect people and build preparedness and resilience, build partnerships for a stronger Europe in the world, and bring in new own resources. The Commission says the design includes more flexibility across the budget, national and regional partnership plans, and simpler, more streamlined and harmonised EU financial programmes. The framework will run for seven years and should come into force in January 2028. The proposal is being negotiated with the European Parliament and the Council of the EU before final adoption.