the MFF MFF the next day mistress okay
so you have probably heard about it in
the past few weeks many times but what
is the MFF MFF S stands for multi-annual
financial framework which refers to the
up to seven year budget of the European
Union it basically determines how much
money is spent on every area faction
from supporting rural development to
fighting climate change the size of the
budget will set the limit on how much
they you can spend over the next seven
years so it carries a lot of weight for
member states the u.s. started using
this formula in 1988 to make sure that
available resources put much budgetary
needs the goal was to ensure certainty
and predictability since project like
the Common Agricultural Policy and
cohesion policy often lasts longer than
a year it also ensures budgetary
discipline and makes agreement easier on
you annual budgets
the existing mff accounts for over 950
billion years for some people that you
might seem too expensive but if you
compare it to a member state the MFF
only represents a bit over 1% of the US
gross national income while countries
spend on average 47 percent
there are two main sources of revenues
the most important one is the national
contributions this is the money
member-states transferred to the EU
budget basically every citizen
contributes around the cost of a cup of
coffee per day but the EU also gets
additional money from customs duties
fines paid by companies in breach of
competition law and all the resources
collected by the U for a budget to be
set up the European Commission tables a
proposal Member States discuss it and
reach an agreement and the European
Parliament votes whether to give its
consent
additionally annual budgets within the
MFF need to be agreed upon between the
council and the Parliament
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because they you now has more priorities
less money and is running out of time
the Karen mff is coming to an end in
2020 they units a new budget and the
agreement it's not even close member
states have new objectives and the
departure of the UK has left an enormous
hole of around 12 billion years per year
countries are so divided over the size
of the budget and how to spend the money
that they will need several meetings
before they're able to reach a deal
that's the name Friends of creation or
the frugal force sound familiar to you
while it should these are the two main
groups of countries in these
negotiations the creation bodies include
seventy Southern and Eastern European
countries fighting to keep the EU
regional development policy fully funded
and to protect the blocks farming grants
basically the two largest EU policies
the so called forgot for night sounds a
little like a Super Hero Squad but
actually refers to the countries calling
for a reduction of the you budget after
brexit namely Austria the Netherlands
Sweden and Denmark they don't mind cuts
on you traditional policies to dedicate
more money to tackling migration
fighting climate change and boosting
innovation France and Germany
the two main contributors to the budget
are watching the fight on the sidelines
with rather mixed feelings first would
like to see the agricultural policy
protected and Germany wants an ambitious
EU and neither of them is keen on seeing
national contributions increased oh and
by the way although the decision has to
be taken by unanimity among EU leaders
the European Parliament has Beto power
over the final deal and they have
already warned that they will not accept
a take-it-or-leave-it agreement so if
you thought that Brussels is even more
boring where Urich rats talk about money
remember that the upcoming fight will
determine how much money goes into
Erasmus so that you can study abroad to
build new roads in your hometown or push
for innovation to fight climate change
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you