ECONOMIC IMPACT OF THE EU MULTIANNUAL FINANCIAL FRAMEWORK (MFF)

Abstract

The Multiannual Financial Framework (MFF) is the European Union's long-term budget, setting the financial priorities and limits for a period of seven years. This paper explores the social and economic impacts of the MFF, particularly its role in shaping EU policies and funding allocations across various sectors. Through a review of literature and analysis of policy outcomes, the study identifies the positive and negative consequences of the MFF on economic growth, social cohesion, and regional development within the EU. The paper concludes by discussing areas for future research, especially regarding the MFF's adaptability to emerging challenges such as climate change, technological advancements, and geopolitical uncertainties.