|Reflection paper on the future of EU finances to be published
Today, the Commission will publish its reflection paper on the future of EU finances, the fifth and final reflection paper that sketches the possible future scenarios for the EU and its Member States.
The reflection paper follows the publication of the ‘Monti Report’ in January 2017, which was the result of the work of the High Level Group on Own Resources and included a list of recommendations for more transparent, simple, fair and democratically accountable ways to finance the EU.
The publication comes right after the mid-term revision of the current Multiannual Financial Framework and in the middle of the negotiations on the 2018 budget. The reflection paper will be able to feed into the negotiations for the post-2020 Multiannual Financial Framework, which will start end 2017 or summer 2018.
In our new Policy Position on The Future of Europe: a future-proof European Union budget, we share our ideas on how to make both the expenditure and income side of the EU budget fit for the future. The Policy Position discusses the benefits of own resources mechanisms, highlights priorities for future investment and calls for a more citizens-oriented budget.