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Future of Europe: EU presents new financial framework until 2034!
On July 17, 2025, the EU Commission will present the new Multiannual Financial Framework 2028-2034, which sets innovation priorities.
Future of Europe: EU presents new financial framework until 2034!
What is happening in the European Union? Today, July 17, 2025, the European Commission presents the new Multiannual Financial Framework (MFF) for the years 2028 to 2034. State Secretary David Lindemann expressed his optimism about the upcoming legislative procedures, which are seen as a prelude to the European future. The total volume of the new financial framework amounts to almost 2,000 billion euros and is intended to set strong accents in the areas of competitiveness, social cohesion and the promotion of innovation, such as saarland.de reported.
“The future of Europe is important to all of us,” said Lindemann, who emphasized that cohesion policy must be an integral part of the MFF. Extensive consultations and citizen dialogues were organized in advance to obtain feedback from society. The draft will now form the basis for the legislative process, which is scheduled to be completed by December 31, 2027.
Public consultations and challenges
The EU Commission has also published a communication outlining the path to the next MFF. It invites citizens to take part in consultations and a citizens' forum to provide their opinions and recommendations. This initiative, as on germany.representation.ec.europa.eu mentioned, aims to adapt the EU's long-term budget to changing needs and priorities.
What is particularly worth emphasizing is that the new budget not only serves as a financial framework, but is also intended to contribute to strengthening the EU's common vision. The Commission has set concrete objectives to promote competitiveness while taking social aspects into account. The ongoing focus is on supporting citizens, farmers, researchers and companies within Europe. A new European fund for competitiveness is intended to specifically support strategic sectors.
The role of the MFF in EU politics
The MFF is more than just a budget. It sets the EU's financial guidelines for seven years and ensures that spending is carried out in an orderly manner within the limits of own resources. Reference is made to the previous MFFs, of which the current one applies from 2021 to 2027. This information is detailed in European Parliament documented.
The MFF aims to address challenges such as the pandemic and the energy crisis. To this end, reviews are aimed at making the budget fit for the future. An effective strategic design of financing for external measures is required, as well as additional protective measures to uphold the rule of law. The active involvement of the regions in the design and implementation of the funding programs remains a central point in promoting future cooperation within the EU.
The Finance Commission plans to assign a plan of reforms and investments to each Member State through a holistic approach. Given the complexity of these issues, it remains to be seen how the legislative process will proceed and what specific measures will ultimately be adopted. However, one thing is certain: the coming years will be of great importance for the European community.