The European Commission proposes a long-term budget of €1,135 billion in commitments(expressed in 2018 prices) over the period from 2021 to 2027, equivalent to 1.11% of the EU27’s gross national income (GNI). This level of commitments translates into €1,105 billion (or 1.08% of GNI) in payments (in 2018 prices). This includes the integration into the EU budget of…