It took about two years to prepare the current MFF. This time round, the Parliament has called for a swift agreement – within one year – ahead of the May 2019 European elections. This would allow the new programmes to start on 1 January 2021, and avoid the delays seen in the implementation of previous financial frameworks. The European Council has also stated that it would like to speed up the work on the MFF in comparison with previous negotiations. A more detailed negotiating timeline is expected once the Commission has published its proposals.
Unlike MFF regulations, own resources decisions apply indefinitely rather than for specific multiannual periods. However, a new decision is needed for the post-2020 period because of the departure of the United Kingdom, and with it the rationale for the various correction mechanisms specified in the current Own Resources Decision. The last decision was initially proposed by the Commission in June 2011, adopted by the Council in May 2014, but only entered into force on 1 October 2016 once it had been ratified by all 28 Member States.
Negotiations on the next own resources decision may need to take into account parallel negotiations with the United Kingdom on its future relationship with the EU, and any financial contributions the UK may still make into the EU budget. According to the draft withdrawal agreement published by the Commission in March 2018, the UK will continue to participate in the implementation of the EU’s budgets for the years 2019 and 2020, but negotiations on the draft text are ongoing.