Revision of the long-term EU budget
European Council (EUCO) finally adopted a revision of the EU’s long-term budget (the so-called ‘Multiannual Financial Framework’ (MFF) 2021-2027’) at its extraordinary meeting on 1 February. Compared with the European Commission’s (EC) original proposal, the revised MFF is significantly lighter in terms of the additional funding that EU member states (MS) will be required to provide (€ 21 billion (bn) down from € 65.8 bn) and includes a combination of financial cuts and reallocation of resources, mainly at the expense of development and cohesion funding. In this way, EU leaders managed to reduce the impact of the revision on their own countries’ contributions while further strengthening the focus on migration control and border management.
| Full title | Revision of the long-term EU budget: What implications for migration and asylum policy 2024-2027? |
|---|---|
| Author | Chiara Catelli |
| Publisher | ecre |
| Year | 2024 |
| Media type | Article |
| Link | https://ecre.org/op-ed-revision-of-the-long-term-eu-budget-what-implications-for-migration-and-asylum-policy-2024-2027/ |
| Topics | European Externalization Policies & Cash Flows |
| Regions | Europe |