The Multiannual Financial Framework of the European Union after 2020

Svetla Boneva () and Filip Petkov ()
Additional contact information
Svetla Boneva: Secretary General for Scientific Research Projects, University of National and World Economy, Sofia, Bulgaria
Filip Petkov: Department of International Economic Relations and Business, University of National and World Economy, Sofia, Bulgaria

Business & Management Compass, 2020, issue 3, 256-272

Abstract: The objectiveof the research is to summarise and analyse the proposal of the European commission concerning the Multiannual Financial Framework (MFF) of the European union (EU) for the period 2021-2027. The temporal scope of the research comprises the initial pre-covid ideas of the proposal that will be kept in the final post-covid version of the MFF which is currently under debate and is expected to be approved in the end of 2020. The research methodsthat have been used in the current research are: content analysis of European institutions’ documents and of research papers analysing these documents; comparisons between different EU member states positions; and generalizations. As a result of the research the main conclusion is that the post-2020 MFF brings notable changes in structural terms. The most reformed category of expenditure is “Cohesion and Values” which combines several instruments from the MFF 2014-2020. Though there is no fundamental shift in the EU priorities, it can be argued that the cohesion policy and the common agricultural policy are seriously cut not only because of Brexit but also due to the redirection of budget resources to other priorities such as migration management, border control and security instruments.

Keywords: European union; Multiannual financial framework; European union budget (search for similar items in EconPapers)
JEL-codes: F15 F36 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://journal.ue-varna.bg/uploads/20200917063019_14648930505f63027bd499a.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vrn:journl:y:2020:i:3:p:256-272

Access Statistics for this article

Business & Management Compass is currently edited by Julian Vasilev

More articles in Business & Management Compass from University of Economics Varna Contact information at EDIRC.
Bibliographic data for series maintained by Yana Doneva ().