European Parliament Leaders Unite in Support of Revamped Long-Term Budget

Strategic Insights -

In the face of uncertainty and instability in Europe, the European Parliament's group majority leaders have expressed their unwavering support for a revamped long-term budget that addresses the Union's pressing challenges. The leaders, representing EPP, S&D, Renew, and Greens/EFA groups, welcomed the European Commission's proposals on the post-2027 Multiannual Financial Framework (MFF) and emphasized the need for the EU to pool resources and act together to tackle pressing issues such as climate and biodiversity crises, global security, migration management, and economic insecurity.

Key Takeaways:

  • The European Parliament's group majority leaders are committed to defending an ambitious and robust MFF with increased resources compared to the 2021-2027 period, and a built-in crisis response capacity.
  • The leaders insist that Parliament's legislative, budgetary, and discharge prerogatives be fully respected at every stage of the process, and that the next MFF be subject to full parliamentary control and accountability.
  • The European Parliament will not accept any reduction of parliamentary oversight or renationalization of flagship Union policies, and will continue to advocate for the respect of EU values and fundamental rights.
  • The leaders reiterate their strong support to new Own Resources to enable the repayment of NGEU debt to finance new EU priorities and to prevent the risk of a reduction to the financing of EU policies.
  • The European Parliament has already outlined its position on the next MFF in a report adopted by a large majority on 7 May 2024, which will be further complemented with a formal negotiating position.

Statistics:

  • The European Commission's proposals on the post-2027 MFF will officially kick off the process of negotiations on the long-term EU budget.
  • The current MFF period (2021-2027) has allocated €1.076 trillion to the EU budget from the European Union's Member States.
  • The MFF has a dedicated crisis response capacity to address emergency situations, such as natural disasters or refugee crises.
  • The repayment of NGEU borrowing must not endanger the financing of EU policies and priorities.

Sources:

  • Statement by group majority leaders on the EU long-term budget, European Parliament, July 2025.
  • European Commission's proposals on the post-2027 Multiannual Financial Framework (MFF).
  • Report on the next MFF, European Parliament, 7 May 2024.
  • Charter of Fundamental Rights and Article 2 TEU.