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Council regulation laying down the multiannual financial framework for the years 2021 to 2027 ***

TA-9-2020-0357 · P9_TA(2020)0357 · PE660.266

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Parliament gives its consent to the draft Council regulation laying down the multiannual financial framework (MFF) for 2021 to 2027, as set out in the annex. It approves joint declarations by Parliament, the Council and the Commission, its own declaration and takes note of Commission declarations annexed to the resolution. The regulation sets annual expenditure ceilings for seven years from 1 January 2021, rules for technical and programme-specific adjustments, and special instruments. It creates the European Globalisation Adjustment Fund, the Solidarity and Emergency Aid Reserve, the Brexit Adjustment Reserve, the Single Margin Instrument and the Flexibility Instrument. It provides for revising the MFF in cases such as Treaty revision, enlargement or the reunification of Cyprus, and caps contributions to large-scale projects. The Commission must present a proposal for a new multiannual financial framework before 1 July 2025.

Key points

  1. Parliament gives its consent to the draft Council regulation on the MFF for 2021 to 2027 as set out in the annex.
  2. Parliament approves the joint declarations by Parliament, the Council and the Commission, its own declaration, and takes note of the Commission declarations annexed to the resolution.
  3. The MFF runs for seven years from 1 January 2021; the three institutions must comply with the annual expenditure ceilings in Annex I.
  4. Commitment and payment appropriations for the special instruments in Articles 8, 9, 10 and 12, the Single Margin Instrument and guarantees for financial assistance to member states are entered in the budget over and above the MFF ceilings.
  5. The Commission makes annual technical adjustments to the MFF, including revaluation at year n+1 prices using a fixed deflator of 2 % per year, and communicates the results to Parliament and the Council.
  6. Revenue from fines under Council Regulations (EC) No 1/2003 and (EC) No 139/2004 funds additional allocations for programmes listed in Annex II, totalling EUR 11 000 million for 2022 to 2027.
  7. The European Globalisation Adjustment Fund is capped at EUR 186 million a year; the Solidarity and Emergency Aid Reserve at EUR 1 200 million a year; the Brexit Adjustment Reserve at EUR 5 000 million.
  8. The Single Margin Instrument may be used up to 0,04 % of the Union's gross national income in commitment appropriations and 0,03 % in payment appropriations in any given year.
  9. The Flexibility Instrument has an annual ceiling of EUR 915 million; unused amounts may be used up to year n+2.
  10. The MFF may be revised in the event of unforeseen circumstances, a revision of the Treaties, enlargement of the Union or the reunification of Cyprus.
  11. A maximum of EUR 13 202 million is available for large-scale space programme projects and EUR 5 000 million for the International Thermonuclear Experimental Reactor project (ITER) for 2021 to 2027.
  12. The Commission must present a proposal for a new multiannual financial framework before 1 July 2025.

Who is affected

  • The European Parliament, the Council and the Commission, which must comply with the MFF ceilings and cooperate in the budgetary procedure.
  • Member states and sectors worst affected by the United Kingdom's withdrawal, which may receive assistance from the Brexit Adjustment Reserve.
  • Programmes listed in Annex II, which receive additional allocations from fines revenue.
  • The space programme and the ITER project, which receive capped contributions from the general budget of the Union.

Figures and deadlines

  • EUR 11 000 million (in 2018 prices) — total additional allocations for 2022 to 2027 for commitment and payment appropriations.
  • EUR 1 500 million (in 2018 prices) — minimum annual additional allocation for each of the years 2022 to 2026.
  • EUR 2 000 million (in 2018 prices) — maximum annual additional allocation for each of the years 2022 to 2026.
  • EUR 186 million (in 2018 prices) — maximum annual amount of the European Globalisation Adjustment Fund.
  • EUR 1 200 million (in 2018 prices) — maximum annual amount of the Solidarity and Emergency Aid Reserve.
  • EUR 400 million (in 2018 prices) — maximum amount that may be financed from the following year's Solidarity and Emergency Aid Reserve in exceptional cases.
  • EUR 5 000 million (in 2018 prices) — maximum amount of the Brexit Adjustment Reserve.
  • EUR 915 million (in 2018 prices) — annual ceiling of the Flexibility Instrument.

Legal basis: Article 312 of the Treaty on the Functioning of the European Union and Article 106a of the Treaty establishing the European Atomic Energy Community.