European Commission unveils the Multiannual Financial Framework 2028-2034

On 16 July 2025, the European Commission presented its proposal for the next Multiannual Financial Framework (MFF) 2028-2034, with a total budget of nearly €2 trillion (1.26% of the EU’s Gross National Income). 

The 4 key pillars ('headings') include the National and Regional Partnership Plans (NRPPs), the European Competitiveness Fund (notably working with Horizon Europe), the Global Europe Fund, and funding for the EU’s own administration.

The proposal aims to simplify and streamline EU funding by consolidating over 540 existing programmes into 27 new NRPPs, amounting to a total budget of €865 billion.

Please find HOTREC's detailed analysis under 'Related documents'. 

For additional information 

• Commission's proposal - COM(2025) 570 final
• Commission’s press release 
• Q&A 
• Factsheets 
• Commissioner Tzitzikostas speech in the EP TRAN Committee