The European Commission has released figures indicating that the proposed total allocation for Portugal under the new Multiannual Financial Framework is 33.5 billion euros (in current prices). This includes a general allocation of 31.6 billion euros, along with 900 million euros for migration, security, and home affairs and an additional 900 million euros for social and climate funds.
These funds are part of the 865 billion euros proposed by the EU’s executive body for investments and reforms across the 27 EU member states, within the framework of new partnership plans—one national and regional plan per country—with disbursements linked to achieved objectives.
The plans encompass cohesion policy, social policy, the Common Agricultural Policy, maritime and fisheries policies, migration, border management, and internal security.
The proposal outlines that these plans will be designed and executed in close partnership with the European Commission, member states, regions, local communities, and relevant stakeholders.
This total sum includes 302 billion euros allocated for income support to farmers and fisheries, and 218 billion euros earmarked for the poorest regions.
Each plan is expected to allocate 14% to social objectives and 43% to climate and environmental goals.
An additional mechanism provides 150 billion euros in loans to member states.
The creation of these plans has faced criticism from the European Parliament, which opposes granting the European Commission increased authority over the EU budget disbursements to each country.
On Wednesday, the European Commission proposed a long-term EU budget until 2034 amounting to two trillion euros, surpassing the 1.2 trillion of the current framework, inclusive of increased national contributions and three new taxes.
Following extensive negotiations among European commissioners, a comprehensive proposal for the next MFF 2028-2034 was presented in Brussels, featuring a total package of two trillion euros in authorizations (at current prices), based on national contributions (linked to gross national income) set at 1.26%.
In addition to these national contributions, new own resources encompass a special tax on tobacco consumption, a business resource for Europe, and taxes on electronic waste and e-commerce. This is in addition to two pre-existing taxes related to carbon imported goods and emissions trading.
It is estimated that together, these new own resources, along with other elements of the own resources package, will generate approximately 58.5 billion euros per year (at current prices).
