The 2028–2034 EU Budget: Building a stronger and more Resilient Europe
The European Commission presented an ambitious proposal for the 2028–2034 Multiannual Financial Framework (MFF) — a long-term EU budget of almost EUR 2 trillion, representing 1.26% of the EU’s gross national income. Designed to match Europe’s ambitions for the next decade, this dynamic framework aims to build an independent, prosperous, secure and thriving Union capable of meeting global and domestic challenges head-on.
The new MFF will be built around flexibility, simplicity and strategic investment, introducing:
- Greater flexibility to allow the EU to respond swiftly to crises and new priorities;
- Simplified and harmonised programmes, making EU funding more accessible for citizens and businesses;
- National and Regional Partnership Plans that tailor funding to local needs, strengthening cohesion and convergence across the Union;
- A powerful competitiveness boost through innovation, clean technology, and secure supply chains;
- A balanced revenue system, ensuring adequate financing while easing pressure on national budgets.
Cohesion and agricultural policy remain at the core of the EU’s investment strategy. Under the new MFF, Member States and regions will design Partnership Plans to direct funding toward education, employment, inclusion and sustainability. Support for less-developed regions is safeguarded, while farmers will benefit from stable income support and simplified funding rules.
New EU budget will contribute to rinforcing the European Pillar of Social Rights, promoting equality, strong social safety nets, and transparency in how EU funds are used. It enhances Europe’s crisis resilience with a new EUR 400 billion crisis mechanism and increased support for civil protection, health preparedness, and agriculture. In defence and security, the MFF allocates EUR 131 billion to build a European Defence Union and triples funding for migration management and border protection.
Globally, the EU will strengthen its international role through a EUR 200 billion Global Europe Instrument, a EUR 15 billion crisis reserve, and EUR 100 billion dedicated to supporting Ukraine, alongside broader investments in diplomacy and development.
To finance these ambitions sustainably, five new own resources are proposed — drawing from emissions trading, carbon border adjustments, e-waste, tobacco excise duties, and large company contributions.
Developed with input from the European Citizens’ Panel, the proposal now awaits negotiation and approval by Member States and the European Parliament.
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