EU’s budgetary procedure

MFF

he MFF stands for "Multiannual Financial Framework." It is a long-term budget of the European Union that outlines the spending priorities and limits for a specified period, typically covering seven years. The MFF sets the annual limits for various categories of expenditure, including areas such as regional development, agriculture, research, and external relations. It provides a stable and predictable framework for the EU's budgetary planning and implementation. The MFF is agreed upon by the EU member states and the European Parliament.