On the Revision of the EU’s long-term budget 2021-2027 (MFF)
The EU’s long-term budget, the Multiannual Financial Framework (MFF), sets the annual limits on EU commitments and payments in all policy areas. The final agreement reached on 17 December 2020 was unprecedented. It consisted of the long-term budget, the 2021-2027 MFF, made up of €1.211 trillion