European Commission to alter long-term EU budget proposal to address COVID-19
The European Commission plans to propose changes to the EU’s long-term budget, the 2021-2027 multiannual financial framework (MFF), to better enable the EU to tackle the COVID-19 pandemic and potential economic crisis. Proposed changes will include an economic stimulus package that ensures that cohesion within the Union is maintained through solidarity.
Commission President Ursula von der Leyen has called for further discussions on the next MFF and the European Parliament’s budgets committee has called on the Commission to produce a new MFF proposal in light of the COVID-19 crisis.
The announcement of the Commission’s plans to adjust the MFF proposal also follows French President Emmanual Macron's call for more European solidarity, either through a common debt instrument or by using the EU budget to help member states most affected by the COVID-19 crisis.
Press release - European Commission
Press release - European Parliament