Article 25Transition towards the next multiannual financial framework#
Before 1 January 2018, the Commission shall present a proposal for a new multiannual financial framework.If no Council regulation determining a new multiannual financial framework has been adopted before 31 December 2020, the ceilings and other provisions corresponding to the last year of the MFF shall be extended until a regulation determining a new financial framework is adopted. If a new Member State accedes to the Union after 2020, the extended financial framework shall, if necessary, be revised in order to take the accesion into account.