European Council
Leaders’ Agenda
February 2018
February MFF debate
The budget of the European Union, as determined by the Multiannual Financial Framework (MFF), is an
essential tool to achieve our shared objectives and deliver on the commitments made. Therefore, the MFF
has always been a matter for the Leaders, and the post-2020 MFF will be a recurring theme on the agenda
of the European Council. The purpose of the Leaders’ discussion on 23 February is to prepare the ground
for that process.
In line with Treaty objectives, the bulk of the EU budget supports agriculture and rural development as well
as investments under the cohesion policy. Research and innovation is a priority whose share in the MFF
2014-2020 has grown significantly, reflecting its importance for the EU’s competitiveness. The EU’s external
action and Trans-European transport and energy infrastructure are other increasingly important financing
areas.
In previous discussions there has been broad support amongst the Heads of State or Government for new
European actions with financial consequences in the areas of mobility and education (a strengthened
Erasmus+ programme), migration policy (a dedicated instrument for stemming the flow of illegal migration)
and security and defence (e.g. European Defence Fund). Additionally, the Commission has proposed to
include new budgetary instruments for a stable EMU in the post-2020 MFF.
This combination of new and existing priorities calls for a modernisation of current policies as well as for
adequate financing in the next MFF. This should be accompanied by flexibility to address unforeseen
situations as well as instruments to leverage national and private funds.
The negotiations on the next MFF will take place in the context of the UK’s withdrawal from the EU, which
will leave a gap of approximately € 10 billion per year on average in the EU budget revenues. Brexit will also
make it necessary to revisit existing EU budget rebates since these were built around and justified by the
UK rebate.
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LEADERS’ AGENDA
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EN
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February 2018