What does MFF stand for?

The term MFF stands for Multiannual Financial Framework. This refers specifically to the long-term financial planning tool used by the European Union to outline its budgetary priorities and expenditure over a multi-year period, typically spanning seven years. It is essential for ensuring that the EU's financing aligns with its policy objectives and commitments, allowing for coherent planning and allocation of resources.

Understanding this term is crucial as it directly impacts budgetary decisions and the funding of various programs within the EU, facilitating a structured approach to fiscal management across member states. The MFF also serves as a guide for how the EU prioritizes spending in key areas such as agriculture, regional development, and research and innovation, among others. In contrast, the other options refer to different concepts or terms that do not match the established meaning of MFF within the context of the EU's financial planning.