EU budget and regional policy
The multiannual financial framework (MFF) is a seven-year spending plan that translates the EU priorities into financial terms. For each annual EU budgetary exercise, it limits expenditure over a fixed period and defines the maximum amounts available for each major category of spending. It also sets up how the budget is financed (so called “own resources”). The current MFF covers the period from 2014 to 2020 and provides a clear picture regarding the spending priorities of the EU.
EU regional policy absorbs around a third of the EU budget for a total of €315bn over the current period 2014-2020. With companies as a beneficiary of EU structural funds, BusinessEurope is closely involved in development of this policy.
|MFF post-2020 should boost spending on research, development and innovation - Letter from Emma Marcegaglia to Jean-Claude Juncker||26/04/2018|