The European Union’s Multiannual Financial Framework (MFF) sets out the main points of the EU budget for a period of 7 years. It puts a ceiling on the EU budget, and explains what it will be spent on and how much each member state has to contribute. For the current period (2021-2027), a total budget was agreed in 2020 of €1,074.3 billion. Negotiations for the period 2028-2024 started in 2025. 

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Last updated in April 2026, situation in January 2026.