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EU delays finalisation of budget process until end of 2019

Monday 24 June 2019

The EU has, again, postponed decisions in relation to the action on its long-term budget 2021-2027 - the Multiannual Financial Framework (MFF) - until the end of 2019. At the most recent meeting of heads of government at the European Council, on 20 June 2019, it was agreed that the budget would be discussed again in October, with the aim of concluding a deal by the end of the year. Finance ministers and diplomats will continue negotiations, in the meantime. The original plan had been for the process to be completed by May 2019, however, this had then been delayed until October 2019, before this most recent development at the European Council meeting. The delay will shorten the time the European Commission has to prepare the next round of long-term spending programmes, such as the estimated EUR 94 billion for the future Horizon Europe research programme. As such, there is concern that there will be a knock-on effect, between the conclusion of the Horizon 2020 programme and the beginning of the Horizon Europe programme in 2021.