Mid-term review/revision of the Multiannual Financial Framework 2014-2020

The EU's Multiannual Financial Framework (MFF) lays down maximum annual levels of EU spending in different areas. The current MFF covers the 2014-2020 period and is the EU's fifth consecutive multiannual financial plan. However, the Framework is the first to take the form of a regulation, and the first to contain provisions providing for a mid-term review that may lead to its revision.Source : © European Union - EP