New Financial Framework 2014-2020

On 29 June 2011 the European Commission presented a package of legislative proposals and related documents addressing policy challenges facing the European Union in the years to come.

Within the so called Multiannual Financial Framework (MFF) the Commission’s adopted its principal position to the Union’s finances for the years 2014-2020.

The Commission’s plan focuses on priority funding at the EU level, with a focused budget on priorities whose overall amount proposed for the next seven years will be: €1,025 billion in commitments (1.05% of the EU GNI) and €972.2 billion (1% of EU GNI) in payments. The Commission’s ambition for the next EU budget is to spend differently, with more emphasis on results and performance, concentrating on delivering the Europe 2020 agenda through stronger conditionality.

The next budget should be modernised by reallocating resources to priority areas such as pan-European infrastructure, research and innovation, education and culture, securing the EU’s external borders and external relations policy priorities such as the EU’s neighbourhood.

Most importantly, the Commission proposes to strengthen programmes for education and vocational training. Investing in young people is one of the best business plans. In order to overcome the fragmentation of current instruments it proposes to create an integrated programme of €15.2 billion for education, training and youth, with a clear focus on developing skills and mobility.
More details and a message from the President of the European Commission, Jose Manuel Barroso, can be found on:

More information can be found on a dedicated website:

The full proposal: “A Budget For Europe 2020 – Communication from the Commission to the European Parliament, the Council, the European Economic and Social Committee and the Committee of the Regions” is downloadable on: