The 2021–2027 Multiannual Financial Framework

In May 2018 the European Commission presented its draft proposal for the next 2021-2027 Multiannual Financial Framework (MFF) which provided the framework on which negotiations between all EU actors (Commission, Parliament and Council) have been based. Major adjustments were expected since the United Kingdom—which contributed to the EU’s budget by roughly EUR 12 billion per year—ceased to be part of the EU and will stop contributing its share of the EU’s outstanding commitments and liabilities from 1 January 2021.