Written by Tim Peters.
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 gross national income (GNI). This includes 0.11 % of EU GNI for the repayment of the debt created by NextGenerationEU (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.
2028-2034 MFF overviewThe national and regional partnership plans (NRPPs) proposed by the European Commission have proven particularly controversial throughout the European Parliament, as they are seen as a risk of ‘renationalising’ the EU budget. Parliament’s four pro-European groups have threatened to reject the Commission’s draft regulation on the NRPPs if it does not substantially amend its proposal.
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 the €1.763 trillion in commitments, which Parliament’s Committee on Budgets (BUDG) 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).
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