European Union’s long-term budget

The European Union’s long-term budget, known as the Multiannual Financial Framework (MFF), is established for a period of seven years. It sets the EU’s annual spending limits and defines the financial commitments the Union may undertake. The next MFF is currently being prepared for the period 2028–2034. The EU’s long-term budget provides the financial foundation for implementing the Member States’ shared vision for the future and their common political priorities. It ensures stable, predictable, and strategic funding across a broad range of policy areas, including climate action, the digital transition, security, migration, and external relations.

Commission supports the EU's eastern regions bordering Russia, Belarus and Ukraine - European Commission 18.02.2026

The European Commission has adopted a comprehensive strategy to step up support for the EU eastern regions bordering Russia, Belarus and Ukraine. Strengthening the prosperity and resilience of these regions is not only an expression of EU solidarity in the wake of Russia's invasion of Ukraine, but also a strategic investment in Europe's security, competitiveness, and future stability.

Several regions from nine Member States – Finland, Estonia, Latvia, Lithuania, Poland, Slovakia, Hungary, Romania and Bulgaria – have been particularly affected by hybrid warfare, weaponised migration, economic and trade disruption, and demographic decline.

Since the outset of Russia's war against Ukraine, the EU has extended political, technical, and financial support to its eastern regions to improve infrastructure, boost economic resilience, develop defence capabilities, address challenges in energy and connectivity, and support employment opportunities. 

Commission supports the EU's eastern regions bordering Russia, Belarus and Ukraine

Speech by President von der Leyen at the European Parliament plenary debate on the new 2028-2034 Multiannual Financial Framework: architecture and governance - European Parliament 12.11.2025

Ursula von der Leyen presents the European Commission’s proposal for the next Multiannual Financial Framework (MFF) as a stronger, simpler, and more flexible long-term EU budget designed to help Europe respond to global challenges and invest in its future. She highlights a nearly €2 trillion budget that preserves support for cohesion policy and agriculture, strengthens competitiveness and innovation, expands external action, and introduces greater flexibility and democratic involvement to enable faster and more effective EU responses to crises and strategic priorities.

Speech by the President: European Parliament plenary

Commission completes proposal for the 2028-2034 EU long-term budget - European Commission 03.09.2025

The Commission has adopted a second package of seven sectoral proposals completing the framework for the next long-term EU budget for 2028–2034. These legal acts complete the MFF 2028-2034 proposal, and cover the following areas:

  • The Single Market and Customs Programme;
  • The Justice Programme;
  • The Euratom Research and Training Programme;
  • The Instrument for Nuclear Safety Cooperation and Decommissioning;
  • The Nuclear decommissioning assistance programme of the Ignalina nuclear power plant in Lithuania (Ignalina programme);
  • The Decision on the Overseas Association, including Greenland;
  • The Pericles V Programme.

Commission completes proposal for the 2028-2034 EU long-term budget

EU 2028-2034 proposed budget triples funds for migration, border management and internal security - European Commission 17.07.2025

On 16 July, the European Commission proposed a new Multiannual Financial Framework (MFF) with a budget of almost EUR 2 trillion – or 1.26% of the EU's gross national income on average between 2028 and 2034. This budget aims to equip Europe with a long-term investment plan that matches its ambitions to be an independent, prosperous, secure, and thriving society and economy.   

Among structural shifts in policy priorities, particular emphasis is put on the EU’s border and migration management, as well as its internal security. The Commission’s proposal includes a sizeable increase of the AMIF, BMVI and ISF Funds, tripling their subsidies. With additional funding allocated from the EU Thematic Facility to strengthen EU agencies involved in these policy areas, the proposed funds amount to a total of EUR 81 billion. 

EU 2028-2034 proposed budget triples funds for migration, border management and internal security - Migration and Home Affairs

An ambitious budget for a stronger Europe: 2028-2034 - European Commission 16.07.2025

The European Commission presented its proposal for an ambitious and dynamic Multiannual Financial Framework (MFF), amounting to almost EUR 2 trillion (or 1.26% of the EU's gross national income on average between 2028 and 2034). This framework will equip Europe with a long-term investment budget matching its ambitions to be an independent, prosperous, secure, and thriving society and economy over the coming decade.

Europe faces an increasing number of challenges in numerous areas such as security, defence, competitiveness, migration, energy and climate resilience. These are not temporary but reflect systemic geopolitical and economic shifts that require a strong and forward-looking response.  

The Commission therefore proposes a fundamental redesign of the EU budget, which will be more streamlined, flexible and impactful. 

An ambitious budget for a stronger Europe: 2028-2034

Contact: Meelis Meigas, fiscal policy department, head of European Union Policy Unit

5885 1443, [email protected]

Last updated: 31.03.2026

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