Многогодишната финансова рамка на Европейския съюз 2021-2027: ще допринесе ли за повишаване на кохезията в ЕС?
The Multiannual Financial Framework 2021-2027 of the European Union: Will It Contribute to Cohesion?

Author(s): Vyara Tsvetanova Lavcheva
Subject(s): Politics / Political Sciences, Politics, Fiscal Politics / Budgeting
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: European Union; Multiannual Financial Framework; Budget; Financing; Cohesion Policy; Sustainable Development; Capital Markets; Economic Crisis
Summary/Abstract: It is well known that the public budget is the main instrument through which governments regulate economic life within a country, in the same time that of the European Union (EU) is significantly smaller, but charged with the difficult task of implementing the Union’s priorities for the next seven years. The main goal of the study is to identify the novelties in the priorities of the long-term EU budget for the period 2021 – 2027, which are predetermined by the radically new goals for the economic doctrine of the Union. The scientific novelty of the priorities set out in this financial framework, especially as regards cohesion policy, is just one of the particular manifestations of the new course of economic integration that make this budget specific. The innovative moments in the traditionally conservative financing of the EU budget, in turn, illustrate this new course of integration and radically change the currently known ideas about the structure of the Multiannual Financial Framework. The study aims to provide a conceptual idea of the root causes of the need to change both the prioritization in the budgetary procedure and the innovative financing of budget expenditures, thus to be proved empirically that such a reorientation actually solves some of the problems of European budget in times of crisis for economies.

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