No. 34 The future of the Common Agricultural Policy 68 ANALYSIS AND PROSPECTIVE STUDIES CULTIVAR MFF 2028–2034: the main pillars of the European Commission's proposal • A strategic and ambitious budget The Commission proposes a financial framework of €1.98 trillion (1.26% of EU GNI) geared towards prosperity, sustainability, security and strategic autonomy. • Investments and reforms based on partnership plans €865 billion is earmarked for agriculture, food security, cohesion and the green and digital transitions. • Strengthened European competitiveness Highlights include the new European Competitiveness Fund (€409 billion) and the increase in the Horizon Europe programme (€175 billion). • Defence and strategic resilience The EU will now finance critical defence capabilities, military mobility and space infrastructure. • Single market and external action Includes over €200 billion for external action, including support for Ukraine, enlargement and response to global crises. • Education, values and culture Strengthening Erasmus+ (€40.8 billion) and creating the new AgoraEU programme. • Modern and transparent financing The budget includes new own resources linked to carbon, electronic waste and tobacco. Summary: The proposal for the MFF 2028–2034 seeks to provide the Union with the tools it needs to tackle global challenges, strengthen strategic autonomy and ensure prosperity and cohesion for all Europeans. Funds allocated to Portugal under the National and Regional Partnership Plans (NRPP) : –Total allocation: €33.5 billion –General allocation: €31.6 billion –Common Fisheries Policy: €143 million –Funds ring-fenced for the CAP: €7.429 billion –Outside ring-fencing: €24,028 million –Migration, Security and Home Affairs: €900 million –Social and Climate Fund: €900 million
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