Development of the idea of mid-term review/revision of the EU multiannual financial perspectives/frameworks 1988-2020

Development of the idea of mid-term review/revision of the EU multiannual financial perspectives/frameworks 1988-2020

Development of the idea of mid-term review/revision of the EU multiannual financial perspectives/frameworks 1988-2020

The current MFF covers the 2014-2020 period, and is the EU’s fifth consecutive multiannual financial plan. However, it is the first to take the form of a regulation, and the first to contain provisions providing for a mid-term review that may lead to its revision. The idea of a mid-term review and revision, however, is not new. For as long as the EU has had multiannual financial plans, they have come under pressure from political and economic developments, both expected and unexpected, requiring certain adjustments to the agreed figures and rules.


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