Long-term forecast of future inflows and outflows of the EU budget 2024-2028

This report projects the inflows and outflows of the EU budget for the next five years in accordance with Article 247(1)(c) of the Financial Regulationi. This third edition forecast the revenue and expenditure iii stemming from the Multiannual Financial Framework (MFF) 2021-2027 and NextGenerationEU over the period 2024-2028v . Payments from the EU budget follow commitments. The estimates for payments presented in this report are based on the commitment appropriations included in the financial programming accompanying the Draft Budget 2024 (DB 2024)vi, which incorporates the programme-specific adjustments under Article 5 of the MFF Regulation as well as re-use of decommitments under Article 15(3) of the Financial Regulation. As regards revenue, the forecast is based on the revenue system of the Own Resources Decisionix. The revenue projections also consider the Agreement on the withdrawal of the United Kingdom of Great Britain and Northern Ireland from the European Union and the European Atomic Energy Community ('Withdrawal Agreement'). Together with the MFF estimates, this forecast projects payments on all programmes under NextGenerationEU. This expenditure, additional to the spending under the MFF, is financed by revenue proceeds from borrowing operations on the capital markets. This forecast estimates the outstanding payments resulting from commitments made in programmes from the MFF 2021-2027 and earlier, while payments related to post-2027 MFF programmes are outside of the scope of this forecast. The report does not project scenarios for the financing costs of NextGenerationEU and considers the amounts as per financial programming.