European Multiannual Financial Framework: the fragile balance between political ambitions and budgetary constraints
Presented by the European Commission on the 16th July 2025, the Multiannual Financial Framework (“MFF”) could become a major lever for decarbonisation and competitiveness, with nearly EUR 700 billion dedicated to climate action. With a total envelope amounting to EUR 1.98 trillion for the 2028 – 2034 period, equivalent to 1.26% of the Union’s gross national income (GNI), it represents a significant increase compared with the EUR 1.2 trillion allocated under the current 2021–2027 framework.…