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what is the e use long-term budget for the EU to fulfill its commitments stable and predictable funding is essential the long term budget sets out the e use priorities over the coming years much like the budget of a national government the EU budget pulls resources investing in projects that have widespread benefits unlike member states the EU cannot run a deficit the next long-term budget will run for seven years from January 2021 into the end of 2027 how does this budget affect my everyday life cu budget goes to regions and cities to farmers businesses and young people from building transport systems to securing our borders helping victims of natural disasters and cooperation and research it improves our lives in many aspects where does the money come from the EU has several sources of revenue most of the funding comes from member state contributions theres also money from import duties on products from the rest of the world coming into our common market and fines imposed on compani