Next multiannual financial framework and recovery package: Council moves to finalise adoption The EU institutions are finalising the procedures for the adoption of the multiannual financial framework for 2021-2027 and the recovery package. The Council today adopted a set of decisions on legislative acts forming part of the package and laying down the EU budgetary framework for the coming years. The decisions follow the European Council meeting on 10-11 December, as a result of which all member states could support the package. New own resources decision The legislative acts adopted today include the own resources decision, which defines how the EU budget is financed. The decision needs to be approved by all 27 EU member states in accordance with their constitutional requirements to enter into force. Its adoption today allows the ratification process to start.