This package contains the events between 1st July 2019 and 31 December 2020. For latest events, see related links.

There have been five multiannual financial frameworks (MFFs) to date. The Treaty of Lisbon transformed the MFF from an interinstitutional agreement into a legally binding act. Established for a period of at least five years, an MFF must ensure that the Union’s expenditure develops in an orderly manner and within the limits of its own resources, and sets out provisions with which the annual budget of the Union must comply, thus laying the cornerstone of financial discipline.

After almost five days of negotiations, the European Council finally reached a political agreement on the Multiannual Financial Framework (MFF) for 2021 to 2027 and a specific recovery instrument following the coronavirus crisis – Next Generation EU (NGEU) – together totalling €1 824.3 billion. Before the MFF can enter into force, the Parliament must give its consent, which is also a pre-condition for the adoption, by co-decision, of legislation on the new policy programmes.

EU Multiannual Financial Framework 2021-2027 and recovery plan (2019-2020)

On 20 and 21 February, EU heads of state or government discuss the EU’s long-term budget for 2021-2027 during a special meeting of the European Council.

Extraordinary meeting of the European Council, 20 February 2020

EP Plenary session - European Council and Commission statements - Conclusions of the special European Council meeting of 20 February 2020 on the Multiannual Financial framework

EP Plenary session - Preparation of the Extraordinary European Council Meeting of 20 February 2020 on the Multiannual Financial Framework

EP Plenary session -  Preparation of the Extraordinary European Council Meeting of 20 February 2020 on the Multiannual Financial Framework

During the plenary session (9-12 March 2020) of the European Parliament in Brussels, MEPs debate with Charles MICHEL, President of the Council, and assess the consequences of member states’ failure to agree on a common position on the 2021-27 Multiannual Financial Framework at the special EU summit on 20-21 February. Statements by Charles MICHEL, President of the European Council, Maros SEFCOVIC, Manuel FERNANDES (EPP, PT), Iratxe GARCÍA PÉREZ (S&D, ES), S&D Group leader, Dacian CIOLOŞ (RE, RO), Renew Europe Group leader, and Rasmus ANDRESEN (Greens/EFA, DE).

Conclusions of the special European Council meeting of 20 February 2020 on the Multiannual Financial Framework: extracts from the debate

Exceptionally, the plenary session takes place in Brussels instead of Strasbourg because of concerns linked to the spread of the coronavirus. During the session which has been shortened to one day - Tuesday 10 March, Maroš ŠEFČOVIČ, Vice-President of the European Commission in charge of Interinstitutional relations and Foresight, makes the closing statement on the debate on the conclusions of the special European Council meeting of 20 February 2020 on the Multiannual Financial framework (MFF).

Conclusions of the special European Council meeting of 20 February 2020 on the Multiannual Financial framework: closing statement by Maroš ŠEFČOVIČ, Vice-President of the European Commission in charge of Interinstitutional relations and Foresight

Exceptionally, the plenary session takes place in Brussels instead of Strasbourg because of concerns linked to the spread of the coronavirus. During the session which has been shortened to one day - Tuesday 10 March, MEPs debate on the conclusions of the special European Council meeting of 20 February 2020 on the Multiannual Financial framework (MFF).

Conclusions of the special European Council meeting of 20 February 2020 on the Multiannual Financial framework: MEPs debate (part 1)

Exceptionally, the plenary session takes place in Brussels instead of Strasbourg because of concerns linked to the spread of the coronavirus. During the session which has been shortened to one day - Tuesday 10 March, Charles MICHEL, President of the European Council, and Maroš ŠEFČOVIČ, Vice-President of the EC in charge of Interinstitutional relations and Foresight, make the opening statement on the debate on the conclusions of the special European Council meeting of 20 February 2020 on the Multiannual Financial framework (MFF).

Conclusions of the special European Council meeting of 20 February 2020 on the Multiannual Financial framework: opening statements by Charles MICHEL, President of the European Council, and by Maroš ŠEFČOVIČ, Vice-President of the EC

Exceptionally, the plenary session takes place in Brussels instead of Strasbourg because of concerns linked to the spread of the coronavirus. During the session which has been shortened to one day - Tuesday 10 March, Katarina BARLEY (S&D, DE), EP Vice-President, makes the opening statement on the debate on the conclusions of the special European Council meeting of 20 February 2020 on the Multiannual Financial framework (MFF).

Conclusions of the special European Council meeting of 20 February 2020 on the Multiannual Financial framework: atmosphere shots of the arrivals and opening remark by Katarina BARLEY (S&D, DE), EP Vice-President

Conclusions of the special European Council meeting of 20 February 2020 on the Multiannual Financial framework: MEPs debate (part 2)

Socialist leaders meet ahead of the European Council in Brussels to discuss their different positions over a potential agreement on the next the EU’s long-term budget for 2021-2027. Statement by Frans TIMMERMANS, Executive Vice-President of the EC in charge of the European Green Deal, Iratxe GARCÍA PÉREZ (S&D, ES), Elisa FERREIRA, European Commissioner for Cohesion and Reforms, Paolo GENTILONI, European Commissioner for Economy, and Josep BORRELL FONTELLES, High Representative of the Union for Foreign Affairs and Security Policy and Vice-President of the EC in charge of a stronger Europe in the World.

Socialist leaders meet ahead of the European Council: arrivals and statements

Johan VAN OVERTVELDT (ECR, BE), Head of the EP negotiating team for MFF and Own resources, makes a statement following the Special European Council, 20-21 February 2020, in Brussels. The EP’s negotiating team expresses its opposition to President Michel’s proposal for the EU’s long-term budget for 2021-2027 (MFF).

Statement by Johan VAN OVERTVELDT (ECR, BE), Head of the EP negotiating team for MFF and Own resources, following the Special European Council, 20-21 February 2020

extraordinary meeting of the European Council 20 February 2020 (T)

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