The Multiannual Financial Framework

Negotiations on the Multiannual Financial Framework (2014-2020) have entered their final stage and are expected to be completed by the end of 2012 with an agreement between the European Parliament and the European Council. The aim is to achieve a political agreement in the special European Council meeting on November 22 and 23 2012, which will be entirely devoted to the MFF. This will allow the transition to the next legislative phase of the MFF negotiations with the European Parliament.

Achieving timely agreement will enable all programmes and instruments to be operational on the first day of entry into force of the financial framework in 2014. This is to the benefit of all EU Member States, because lack of agreement would send a wrong signal that the EU is not able to take the necessary decisions in crucial moments.

The negotiations on the MFF are priorities for the implementation of the European project. The MFF is an essential tool for planning the allocation of the EU budget. It ensures that EU spending will be within the projected framework and in the direction of that the EU has outlined.

The negotiations that started in the autumn of 2011 are being conducted in the context of the need for strict fiscal discipline, and also for sustained investments that affect economic growth in the EU. In allocating funds, it is a matter of financing EU policy objectives and hence the future developmentof the EU. In the foreground in drafting the budget is the amount of equity contributions by EU Member States.

These talks are the first in which Bulgaria is participating fully as a member state of the EU. As an example of fiscal discipline in the EU, Bulgaria is interested both in the introduction of clear principles for spending the Community budget and in sustained investment to ensure the objectives of creating economic growth and jobs as set out in the Europe 2020 Strategy.

For Bulgaria, the MFF is an important instrument for upgrading transport infrastructure, energy efficiency, innovation and competitiveness of small and medium enterprises, balanced regional development, e-governance and technical infrastructure in the water sector.

Minister Nickolay Mladenov has been participating and continues to participate in a series of public discussions, dedicated to negotiations on the MFF. The main purpose of these is to inform the public on the course of the negotiation process and Bulgaria’s positions in the debate.

Commenting on the situation in southern Israel and the Gaza Strip, Foreign Minister Nickolay Mladenov said:
The European Union and the Arab League can raise their co-operation to a higher level

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