Written by Anna Flynn.
The European Parliament is fully committed to ensuring an ambitious European Union budget that meets the Union’s many challenges in the years to come. The European Commission presented its proposals for the 2028-2034 multiannual financial framework (MFF) on 16 July 2025. The Commission proposes a budget amounting to a total of almost €1.8 trillion in commitments over seven years (in constant 2025 prices). The MFF constitutes the EU’s long-term budgetary plan, setting a maximum level of spending (‘ceilings’) for each major category of expenditure (‘heading’) in accordance with Article 312 of the Treaty on the Functioning of the European Union (TFEU).
The proposed 2028-2034 budget corresponds to 1.26 % of the EU’s GNI. This includes 0.11 % of EU gross national income (GNI) for the repayment of the debt created by Next Generation EU (NGEU) grants. Excluding the NGEU repayment, the proposed post-2027 MFF reflects, in nominal terms, an increase of €367.2 billion (+29 %). However, in real terms, the increase is only 0.02 percentage points of GNI.
The national and regional partnership plans (NRPPs) proposed by the European Commission have proven particularly controversial throughout the European Parliament. They are seen as a risk of ‘renationalising’ the EU budget, as each Member State would agree their own plan with the Commission, within the constraints of allocated funding that is conditional on meeting EU priorities This raises questions about Parliament’s capacity for oversight and scrutiny. Moreover, the NRPPs merge many funds that were previously separate, such as the common agricultural policy, cohesion policy, and the common fisheries policy. Parliament’s four pro-European groups (S&D, Greens/EFA, Renew Europe, and the EPP) threatened to reject the Commission’s draft regulation on the NRPPs if it does not substantially amend its proposal.
On 9 November 2025, the Commission proposed some possible reforms to the NRPPs, such as the introduction of a 10 % spending target for agriculture, and a strengthened role for regional authorities in decision-making. However, these revisions do not address all of Parliament’s concerns. Parliament’s Committee on Budgets (BUDG) continues its work on the interim report on the MFF proposals, with opinions awaited from many of the standing committees before the BUDG report goes to plenary in May 2026.
An overview of the main components of the proposed 2028-2034 MFF and an initial comparison with the 2021-2027 budget framework illustrates the Commission’s proposed division of €1.763 trillion in commitments, which Parliament’s BUDG committee finds lacks ambition.
Academia, think tanks, other EU institutions and bodies, and a variety of stakeholders are publishing a wealth of analysis and commentary on the proposed 2028-2034 MFF as it proceeds through negotiations (see our monthly digest).
Links to EPRS publications:
- ERDF – Cohesion Fund and conditions for EU support to regional policy
- Background information on the post-2027 MFF – December 2025
- Regulation on the common agricultural policy for the period 2028 to 2034
- EU budget 2028-2034: Overview of the Commission’s proposal
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