Council adopts revision of 2014-2020 MFF to meet new priorities
On 20 June 2017, the Council of the European Union adopted the revised EU Multiannual Financial Framework (MFF) for 2014-2020. The revised budget takes into account the MFF midterm review and aims at devoting more resources to help boost jobs and growth and to address the migration crisis. It also aims at strengthening the EU's capacity to react to unexpected events through specific measures.
Horizon 2020 is among the priorities for which resources are increased by the revised multi-annual financial framework (MFF), where an additional €2.08 billion will help stimulate growth and create jobs through a number of programmes such as the youth employment initiative (+€1.2 billion), Horizon 2020 (+€200 million), and Erasmus+ (+€100 million). In addition, €2.55 billion will be available to address migration, enhance security and strengthen external border control, and €1.39 billion will be available for tackling the root causes of migration
The MFF regulation sets out annual maximum amounts which the EU is allowed to spend on different policy areas over the period from 2014 to 2020. It translates political priorities into figures, ensures budgetary discipline for the EU and facilitates the adoption of the annual EU budget. The revised MFF regulation will now be published in the EU Official Journal and will enter into force 20 days later.
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