Chambers Ireland has welcomed the agreement reached today on the 2027 EU Budget under the Irish Presidency, describing it as an important step towards securing agreement on the EU’s next Multiannual Financial Framework (MFF).
The agreement provides for €199.7 billion in commitments and €211.5 billion in payments in 2027, the final year of the current MFF.
Commenting on the agreement, Chambers Ireland Chief Executive Ian Talbot said:
“Today’s agreement is a significant achievement for the Irish Presidency, is a useful stepping stone towards finalising the next MFF and it demonstrates that progress can be made. The Irish Presidency should carry that momentum into the MFF negotiations and secure an ambitious agreement that strengthens the EU’s long-term competitiveness.”
Mr. Talbot said that the agreement on the EU’s long-term MFF budget must be a strategic priority:
“The EU’s next long-term MFF budget will cover the period to 2034, at a time when Europe faces a very different economic and geopolitical environment. It needs to reflect the scale of the competitiveness challenge and provide the investment needed in innovation and digitalisation, skills and the infrastructure that will underpin future growth.
The priority now must be to reach agreement on the next MFF without delay and before the end of the Irish Presidency. Doing so will be central to unlocking the European Competitiveness Fund and giving businesses greater certainty over the investment support available in the years ahead. It must have sufficient resources and, crucially, be designed so that SMEs can access and benefit from that investment alongside larger companies.”