Regulation on the multiannual financial framework for the years 2014-2020

This procedure involves amending the EU's long-term budget (the Multiannual Financial Framework) for the 2014-2020 period. It ensures that the Union's spending limits and financial resources are adjusted to meet evolving priorities and funding needs during that specific timeframe.

This affects the overall allocation of EU funds across different policy areas and determines how the Union's budget is financed through its own resources.