European Commission adopts proposal for 2028-2034 EU long-term budget

These legal acts complete the Multiannual Financial Framework (MFF) 2028-2034 proposal, and cover the Single Market and Customs Programme; the Justice Programme; the Euratom Research and Training Programme; the Instrument for Nuclear Safety Cooperation and Decommissioning; the Nuclear decommissioning assistance programme of the Ignalina nuclear power plant in Lithuania (Ignalina programme); the Decision on the Overseas Association, including Greenland; and the Pericles V Programme.

The Single Market and Customs Programme will benefit citizens and companies by driving the completion of the EU Single Market, breaking down cross-border and cross-country barriers and fostering cooperation between national administrations.

It will ensure stronger consumer protection, drive standardisation measures and reduce administrative burden in the areas of customs, taxation and anti-fraud. The Programme will also cover the development, production and dissemination of official European statistics, which is critical in informing EU policies and is essential for evidence-based decision-making.

Support to the thirteen overseas countries and territories (OCTs), including Greenland, will continue to be covered by a separate and reinforced instrument under the next MFF with an allocation of almost €1 billion.

The Pericles V Programme will be continued to further the fight against euro-counterfeiting. It will help prevent and combat counterfeiting and counterfeiting-related fraud, while also adapting to new and evolving threats, thus strengthening the trust of citizens and businesses in the integrity of the euro, an official release said.

With these legal acts, the Commission completed its proposal for the next long-term EU budget for 2028-2034 amounting to almost €2 trillion in current prices.

The new MFF offers more flexibility across the budget, so Europe has the capacity to act—and react—fast when circumstances change unexpectedly or when new policy priorities need to be addressed.

The MFF is simpler, more streamlined and harmonised EU financial programmes, so that citizens and companies can easily identify and access funding opportunities.

The future long-term EU budget will be discussed by member states in the European Council, acting by unanimity, with the consent of the European Parliament for the MFF.

ALCHEMPro News Desk (DS)