multi-annual financial perspectives

The multiannual financial perspectives were established for the first time in 1988 to avoid tension between the European Parliament and the Council of Ministers during the budgetary procedure.

The European Parliament, the Council of Ministers and the European Commission come to an inter-institutional agreement that includes the major budgetary priorities over a given period.

To date there have been 5 multi-annual financial frameworks :
– 1988-1992, or “the Delors Package I”;
– 1993-1999, or “the Delors Package II”;
– 1999-2006, or “Agenda 2000”;
– 2007-2013,
– 2014-2020.

Negotiations over the last multi-annual financial framework 2014-2020were, as always, difficult but were finally concluded after three years of discussion. MEPs adopted the budget for the period 2014-2020, on 19th November 2013 whilst the Member States adopted it on 2nd December 2013.

It plans for commitment appropriations to a total of 959,99 billion € over the period 2014-2020, and payment appropriations to a total of 908,40 billion €. This total represents a decrease of 3.5% and 3.7% in comparison with the MFF of 2007-2013.
Le plafond des dépenses communautaires étant fixé à 1,24% du RNB, il reste une marge de 0,24%.

Commitment appropriations are the loans planned for a project; payment appropriations are loans that are effectively spent. Commitment appropriations are not necessarily the same as payment appropriations because they can be spread over several years.