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The interim report put forward by the President of the European Council in October 2012 advocates the creation of a budgetary organisation that would have borrowing capacities. The ensuing European budget would finance structural and competitiveness reforms implemented by the Member States to overcome the crisis.

“An integrated budgetary framework to ensure sound fiscal policy making at the national and European levels, encompassing coordination, joint decision-making, greater enforcement and commensurate steps towards common debt issuance. This framework could include also different forms of fiscal solidarity.” Source: HvR June 2012 Report



Multiannual Financial Framework (MFF)

A framework laying down the maximum annual amounts which the European Union may spend in different policy fields over a fixed period of not less than five years.

The purpose of the MFF is to

  • translate political priorities into figures;
  • impose budgetary discipline on the EU; and
  • facilitate the adoption of the annual EU budget.

The future MFF will cover the 2014-2020 period and is currently under negotiation.

Infographic - EU budget explained, 12.2.14






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Budgetary - 201422 articles out of 22.
17 Dec 2014 European Parliament approves EU budgets for 2014 and 2015

08 Dec 2014 Parliament and Council negotiators agree to EU budget deal

08 Dec 2014 Reuters: Euro ministers tell France, Italy to trim budgets more

02 Dec 2014 European Voice: Moscovici defends giving France more time over budget

29 Nov 2014 European Voice: Payment deferred - the UK’s budget debt and the Parliament’s agenda

28 Nov 2014 Euractiv: France, Italy, Belgium promise reform to avoid sanctions

28 Nov 2014 Budget 2015: Commission makes new proposal to Parliament and Council

25 Nov 2014 European Parliament urges EU member states to pay up and do a deal

25 Nov 2014 ECA: A landscape review of the risks to the financial management of the EU budget

19 Nov 2014 Reuters: EU still considering fining France over budget rules

17 Nov 2014 European Commission: EU budget talks to restart from a fresh Commission proposal

12 Nov 2014 European Commission: EU budget - Rule change to give more flexibility on exceptional adjustments to national contributions

11 Nov 2014 European Commission: EU budget: first 2014, then 2015, say Budgets Committee MEPs

06 Nov 2014 European Voice: Deadline looms on EU’s budget for 2015

05 Nov 2014 Financial Times: Almost €7bn of last year’s EU budget paid out improperly

28 Oct 2014 European Commission: Statement by Vice-President Katainen on the Draft Budgetary Plans

04 Mar 2014 EU Commission implements audit recommendations adequately, say EU Auditors

25 Feb 2014 EP: High-level group on EU "own resources" launched by EU institutions' three presidents

18 Feb 2014 Main results of the ECOFIN Council: EU Budget / Portugal EAP

18 Feb 2014 Main results of the ECOFIN Council: EU Budget / Portugal EAP

18 Feb 2014 Main results of the ECOFIN Council: EU Budget / Portugal EAP

22 Jan 2014 Council agrees on own resources package


Budgetary - 201394 articles out of 94.
02 Dec 2013 Council adopts the multiannual financial framework 2014-2020

26 Nov 2013 EU's Financial Report 2012: EU budget increasingly an investment tool in the EU

20 Nov 2013 Plenary Session: Parliament approves EU's 2014 budget and plugs 2013 payment gaps

20 Nov 2013 Plenary Session: Parliament approves EU's 2014 budget and plugs 2013 payment gaps

19 Nov 2013 Plenary Session: EP approves EU's long-term budget (MFF) 2014-2020

19 Nov 2013 Plenary Session: EP approves EU's long-term budget (MFF) 2014-2020

19 Nov 2013 ECOFIN Council/BUDG Committee approve agreement on 2014 EU budget

15 Nov 2013 European Commission: Europe's budgetary surveillance moves into full gear

15 Nov 2013 European Commission: Europe's budgetary surveillance moves into full gear

12 Nov 2013 European Commission: Agreement on EU budget 2014

06 Nov 2013 EU financial management needs to be improved, warns ECA president

05 Nov 2013 Lithuanian Presidency: Conciliation Committee takes first steps in negotiations on 2014 EU budget

30 Oct 2013 Additional funds for 2013 budget formally approved by the Council

24 Oct 2013 Plenary Session: Parliament votes urgent €2.7 billion amending budget to close resources gap

24 Oct 2013 Plenary Session: Parliament votes urgent €2.7 billion amending budget to close resources gap

23 Oct 2013 Plenary Session: Budget 2014 - Parliament reverses Council cuts in research and jobs expenditure

23 Oct 2013 Plenary Session: Budget 2014 - Parliament reverses Council cuts in research and jobs expenditure

23 Oct 2013 ECOFIN Council: Start of the conciliation talks on the EU budget 2014

22 Oct 2013 Budgets Committee votes urgent €2.7 billion amending budget to avert 'shutdown'

21 Oct 2013 Merkel demands EU Treaty change to give Commission control over national budgets

21 Oct 2013 Merkel demands EU Treaty change to give Commission control over national budgets

16 Oct 2013 EP: 2014 budget - Disputes over cuts and unpaid bills explained

15 Oct 2013 VP Rehn's remarks at the ECOFIN Council

14 Oct 2013 Council agrees additional funds for 2013 budget

14 Oct 2013 Commissioner Barnier: The new EU budget calendar

03 Oct 2013 EU budget 2014: Growth, jobs and humanitarian aid cuts reversed

26 Sep 2013 Reuters: New era as Brussels tightens its grip on budget miscreants

24 Sep 2013 EU balks at rule change that could ease austerity

19 Sep 2013 WSJ: Austerity seen easing with change to EU budget policy

18 Sep 2013 European Commission: 2014 draft budget - Update in favour of students, businesses, research and to support Cyprus

18 Sep 2013 European Commission: 2014 draft budget - Update in favour of students, businesses, research and to support Cyprus

11 Sep 2013 EP: Voting on MFF 2014-2020 postponed, conditions not met

10 Sep 2013 Lithuanian Presidency: Council of the EU presented 2014 budget priorities to the EP

10 Sep 2013 Lithuanian Presidency: Council of the EU presented 2014 budget priorities to the EP

02 Sep 2013 Council adopts position on 2014 EU budget

24 Jul 2013 Fighting fraud: Annual report underlines need for strong measures to protect EU budget

24 Jul 2013 Fighting fraud: Annual report underlines need for strong measures to protect EU budget

18 Jul 2013 DG ECFIN: 2013 Report on Public finances in EMU

18 Jul 2013 Council agrees position on 2014 EU budget

18 Jul 2013 Council agrees position on 2014 EU budget

16 Jul 2013 Lithuanian Presidency reaches Council agreement on EU annual budget for 2014

09 Jul 2013 Main results of the ECOFIN Council

09 Jul 2013 Main results of the ECOFIN Council

09 Jul 2013 Main results of the ECOFIN Council

09 Jul 2013 Main results of the ECOFIN Council

09 Jul 2013 Main results of the ECOFIN Council

09 Jul 2013 ECOFIN Council results on Economic Governance - Two-pack

09 Jul 2013 ECOFIN Council results on Economic Governance - Two-pack

09 Jul 2013 ECOFIN Council results on Economic Governance - Two-pack

03 Jul 2013 Plenary Session: EU budget - Parliament accepts negotiated MFF 2014-2020 package

03 Jul 2013 Plenary Session: EU budget - Parliament accepts negotiated MFF 2014-2020 package

01 Jul 2013 Lithuania moves to EU helm as agreement found on seven-year budget

01 Jul 2013 Lithuania moves to EU helm as agreement found on seven-year budget

28 Jun 2013 Council approves MFF agreement

28 Jun 2013 Council approves MFF agreement

27 Jun 2013 Irish Presidency brokers political agreement on EU €960 billion budget

26 Jun 2013 Commission adopts its third Evaluation Report under Art 318 of the TFEU

26 Jun 2013 2014 draft EU budget: Commission tables proposal in tune with today's Europe

23 Jun 2013 ECB/Asmussen: The global crisis - Lessons for international policy cooperation

23 Jun 2013 ECB/Asmussen: The global crisis - Lessons for international policy cooperation

23 Jun 2013 ECB/Asmussen: The global crisis - Lessons for international policy cooperation

19 Jun 2013 Tánaiste concludes negotiations on EU’s €960 billion budget

13 Jun 2013 EP group leaders remind Council of elements needed for multi-annual budget deal

11 Jun 2013 EP: MFF 2014-2020 - Urgent progress needed for deal under Irish Presidency

21 May 2013 Results of the General Affairs Council on the MFF

21 May 2013 Results of the General Affairs Council on the MFF

16 May 2013 BUDG Committee: State of play on EU long-term budget negotiations and current budget shortfalls

14 May 2013 Council agrees additional funds for 2013 budget

14 May 2013 Council agrees additional funds for 2013 budget

13 Mar 2013 Plenary Session: Long-term EU budget negotiations - EP sets out its stance

13 Mar 2013 Plenary Session: Long-term EU budget negotiations - EP sets out its stance

13 Mar 2013 Plenary Session: Long-term EU budget negotiations - EP sets out its stance

21 Feb 2013 This EU budget has a sense of proportion, says German Chancellor

21 Feb 2013 This EU budget has a sense of proportion, says German Chancellor

18 Feb 2013 Van Rompuy urges Council/EP to conclude MFF swiftly

18 Feb 2013 President Barroso: There can be no agreement on the multiannual budget without the EP

12 Feb 2013 ECOFIN Council conclusions on Budget guidelines for 2014

12 Feb 2013 ECOFIN Council conclusions on Budget guidelines for 2014

12 Feb 2013 ECOFIN Council conclusions on Budget guidelines for 2014

11 Feb 2013 Agreement on EU multiannual budget 2014-20

08 Feb 2013 European Council Conclusions: Multiannual Financial Framework

05 Feb 2013 President Van Rompuy on the Multiannual Financial Framework negotiations

30 Jan 2013 ECON Committee: "Parliaments should be given more control over EU's budget recommendations"


Budgetary - 201235 articles out of 35.
13 Dec 2012 CNBC: Slovakia approves deficit-cutting 2013 budget, risks seen

06 Dec 2012 Slovenia passes 2013-14 budget plans to cut deficit to EU limit

06 Dec 2012 Slovenia passes 2013-14 budget plans to cut deficit to EU limit

06 Dec 2012 Telegraph: Euro blueprint gives Brussels economic sovereignty over members

06 Dec 2012 Bulgarian Parliament adopts 2013 State Budget Act of the Republic of Bulgaria

23 Nov 2012 Cyprus Presidency: Joint statement by the 27 Member States on the MFF

23 Nov 2012 Remarks by President Herman Van Rompuy following the European Council [MFF]

22 Nov 2012 Speech by EP President Schulz to the European Council on the EU budget framework 2014-2020

21 Nov 2012 Responding to the crisis: What are OECD countries doing to strengthen their public finances?

19 Nov 2012 Polish, Italian, German presidents hope for EU budget compromise

19 Nov 2012 Polish, Italian, German presidents hope for EU budget compromise

19 Nov 2012 Polish, Italian, German presidents hope for EU budget compromise

19 Nov 2012 Polish, Italian, German presidents hope for EU budget compromise

18 Nov 2012 FT: EU makes budget plans without UK

18 Nov 2012 FT: EU makes budget plans without UK

07 Nov 2012 EU looks to recoup €5 billion from Member States

01 Nov 2012 FT: Van Rompuy presses on with budget talks

16 Oct 2012 Spiegel: Schäuble presents master plan for euro

16 Oct 2012 Telegraph: Germany shocks EU with fiscal overlord demand

16 Oct 2012 Telegraph: Germany shocks EU with fiscal overlord demand

16 Oct 2012 FT: Fiscal union highlights EU divisions

15 Oct 2012 Reuters: ECB's Knot says getting euro debt back in line may take decades

07 Oct 2012 Reuters: Eurozone mulls €20 billion separate budget

30 Sep 2012 DW: Steinbrück attacks Merkel's euro crisis management

30 Sep 2012 DW: Steinbrück attacks Merkel's euro crisis management

30 Sep 2012 DW: Steinbrück attacks Merkel's euro crisis management

25 Sep 2012 WSJ: Eurozone starts talks over centralised budget

24 Sep 2012 Reuters: French Greens' Cohn-Bendit quits party in fiscal pact row

24 Sep 2012 Reuters: French Greens' Cohn-Bendit quits party in fiscal pact row