EU budget discussions enter decisive period


European institutions have been holding intensive talks on the EU's next long-term budget for 2021-2027, otherwise known as the Multi-Annual Financial Framework (MFF). Last week, EU leaders convened in Brussels to discuss the spending volume and policy priorities of the budget, but they unfortunately failed to overcome their differences.

Consensus between the European Commission, the European Parliament and the Council on the overall spending has not been achieved yet. The Finnish Presidency has proposed to reduce the size of the Common Agricultural Policy (CAP) and cohesion policy, which was harshly criticised by the Visegrad countries. In order to find a common proposal, Member States have called on the Finnish Presidency to present a negotiation box for the next European Council summit in mid-December.
Earlier this month, the European Parliament adopted a resolution on the MFF, reiterating the importance of a more citizens-oriented budget. By stressing the need to launch negotiations with the Council as soon as possible, the Parliament has called for an agreement on the reform of the EU own resources, urging the Commission to table a contingency plan to tackle the consequences of potential delays in the negotiations with the Council.

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