Policy Update

Council presidency to propose possible deal on next long-term EU budget by end of November

The Finnish presidency of the Council of the EU has announced it plans to present a proposal for a possible deal on the next long-term EU budget by the end of November. The proposal will include budget figures for the 2021-2027 Multiannual Financial Framework (MFF) in time for the December European Council meeting when heads of states from EU member states will provide guidance for the ongoing MFF negotiations.

The proposal is expected to be a compromise budget that strikes a middle ground between the European Commission’s initial proposal and the position of the more frugal countries that want a small overall budget. Member states remain divided between the more frugal net-contributor countries (e.g. Austria, Belgium, Denmark, Germany, the Netherlands, and Sweden) who want to shrink the budget due to the UK’s imminent departure, and the countries in Southern and Eastern Europe (e.g. Croatia, Italy, Lithuania, Malta, Slovakia, Slovenia, and Spain) that favor a budget at the level of the Commission’s proposal or even higher. 
Council meeting outcomes - Council of the EU