On May 2, the European Commission (EC) has presented its proposal for the next Multiannual Financial Framework, the EU budget for the period of 2021 to 2027. The budget proposal is presented by Commission President Juncker and Budget Commissioner Oettinger to the European Parliament this afternoon. The Commission speaks of its proposal as "a modern budget for a Union that protects, empowers and defends", calling its approach pragmatic and long-term, focused and realistic. The EC claims the proposal is trying to maintain or reinforce funding for the Union's new and main priorities, which inevitably means some cuts in other areas.
Press Release: http://europa.eu/rapid/press-release_IP-18-3570_en.htm
Fact Sheet: Please see attachment below