MFF review proposals – Financial envelopes

Amounting to around €6.3 billion (in current prices), the total financial resources related to the MFF mid-term review proposals are linked not only to the new legislative proposals listed above, but also to proposals to reinforce existing tools (e.g. additional allocations for highly subscribed programmes under subheading 1a, such as Erasmus+, Horizon 2020 and the Connecting Europe Facility, and new resources to allow for the continuation of the Youth Employment Initiative under subheading 1b) and to the financial implications of initiatives already in the pipeline (e.g. the establishment of the European Border and Coast Guard and the strengthening of Europol). The above-mentioned amount is distributed between two broad groups of policy objectives: €2.40 billion for job creation and growth (subheadings 1a and 1b) and €3.93 billion for migration and security (headings 3 and 4).