The volume of the Multiannual Financial Framework for the years 2021 to 2027 was approximately EUR 1,074 billion.

Omissions

• The figure of EUR 1,074 billion refers to 2018 constant prices, not current prices. The MFF 2021-2027 amounts to EUR 1,211 billion in current prices, which reflects the actual nominal spending capacity. The MEP omitted this important distinction, which affects the interpretation of the budget's real value.

Sources

• PrimaryEUR-Lex - EU Multiannual Financial Framework (2021-2027)For the 2021-2027 period, the MFF sets a maximum level of spending of €1,074 billion (all amounts in 2018 prices)
• PrimaryPublications Office of the European Union - The EU's 2021-2027 long-term budget and NextGenerationEUIt consists of the EU's long-term budget for 2021 to 2027 of EUR 1.211 trillion (EUR 1.074 trillion in 2018 prices)
• SecondaryEuropean Parliament Multimedia CentreThe package consists of the long-term budget, the 2021-2027 multiannual financial framework, made up of €1.211 trillion in current prices (€1.074 trillion in 2018 prices)