Documents on the financial framework for 2014-2020
On 29 June 2011, the European Commission presented its proposal for the multi-annual budget for 2014-2020 which responds to today's concerns and tomorrow's needs. "A Budget for Europe 2020" focuses on priority funding at the EU level that provides true added value. This innovative EU budget remains focused: the overall amount proposed for the next seven years is €1,025 billion in commitments (1.05% of the EU GNI) and €972.2 billion (1% of EU GNI) in payments.
Legislative proposals for each area covered by the next EU budget will be published in the next months by the European Commission. The proposals will be discussed by the Council and European Parliament during 2012-2013. The next EU budget will start in 2014.