Explained: The EU long-term budget

Europe is facing realities we can’t ignore: from the rising cost of living to war on our doorstep. To help countries work together on solutions to shared problems, the EU has a common seven-year budget. The current one runs until 2027. As the next begins to take shape, the European Parliament wants to invest in what matters. What can the EU do to strengthen defence and support Ukraine? How can it make Europe’s economy more competitive? What about climate change and the future of EU agriculture? To find out more, we spoke to rapporteurs Siegfried Mureșan (EP, Romania) and Carla Tavares (S&D, Portugal), the MEPs steering the file through Parliament. Chapters 00:00 - Introduction 01:47 - What is the EU long-term budget (MFF) and how is it important for EU citizens? 02:53 - Is 1% of EU GDP enough for a common budget? 03:19 - What is the added value of a common EU budget? 03:42 - What is your role as rapporteur? 04:40 - What is the importance of parliamentary resolutions on the budget negotiation process? 05:38 - How the EU should respond to people's concerns about economic uncertainty and insecurity? 06:09 - What do you think should be prioritized in the next EU long-term budget? 06:56 - What are you most concerned and hopeful about when it comes to the EU long-term budget? 07:40 - Can the EU budget help tackling rising prices? 08:34 - Should the EU follow the recommendations from the Draghi report? 09:33 - How can the EU budget protect people from crises and security risks? 10:19 - Are EU rule to halt climate change inhibiting economic growth? 11:13 - Ten years from now, what will indicate that the EU long-term budget has actually brought benefits to Europe? 12:39 - How can the long-term budget help the EU be more prepared for emergencies? 13:13 - What is the key point for the Parliament in this long-term budget? 13:58 - What are Parliament's three main aims…