With a large share of expenditure pre-allocated to traditional priorities, such as agriculture and cohesion, and locked in for a period of seven years, the EU’s current Multiannual Financial Framework (MFF) – which defines the size and aim of the EU budget for a seven year period from 2021 to 2027 – is not well equipped to respond to new challenges and crises.8 There is a current tendency to address new challenges through additional funds arranged outside the MFF.
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