Can the EU afford its €1.7 trillion future? Unpacking the MFF
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Can the EU afford its €1.7 trillion future? Unpacking the MFF
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This afternoon, Commission President Ursula von der Leyen is expected to present a draft proposal for the European Union’s next seven-year budget, officially called the Multiannual Financial Framework, or MFF.
The current MFF, running from 2021 to 2027, stands at just over €1.2 trillion. But according to a leaked draft, the next proposal, covering 2028 to 2034, could reach €1.717 trillion, or 1.23% of the EU’s gross national income. That’s up from about 1.1% now. With political divides deepening and resources stretched thin, can this budget still deliver on Europe’s promises?
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Production: By Europod, in co production with Sphera Network.
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