On 16 July 2025, the European Commission presented its proposal for a Multiannual Financial Framework (MFF) of almost EUR 2 trillion (around 1.26% of the EU’s gross national income on average) for 2028-34, intended to support a more independent, prosperous, secure and resilient Europe. The proposed MFF would increase budget flexibility to allow a faster response to unexpected developments and emerging priorities. It would also simplify and better harmonise funding programmes so citizens and businesses can more easily identify and access opportunities. National and Regional Partnership Plans would be used to better reflect local needs by linking investment with reforms and strengthening cohesion outcomes. The framework aims to boost competitiveness by supporting supply-chain security, scaling innovation, and sustaining leadership in clean and smart technologies. It also proposes a balanced package of new own resources to help ensure sufficient revenue while limiting pressure on national public finances.