At the beginning of May, the European Commission published its proposal for the future Multiannual Financial Framework (MFF) for the period 2021-2027. Therefore, the future MFF has been the main topic of a debate organised by the Representation of the European Commission in Prague, Information Office of the European Parliament in Prague, Confederation of Industry of the Czech Republic and CEBRE on 25th May in the European House in Prague. To create a balanced budget proposal, the Commission had to react to new challenges but also continue supporting successful ongoing initiatives. Furthermore, the gap of 84 bn. EUR in the budget created by Brexit had to be taken into account, therefore some cuts were necessary as well, mainly in the cohesion policy and common agricultural policy. Furthermore, the budget line focused on security, defence and border management had to be strengthened. As for the Czech Republic, the leading ministry assessing the proposal and negotiating in the Council will be the Ministry of Finance together with the Office of the Government of the Czech Republic. Both institutions welcome the idea of increasing effectiveness and overall simplification in the budget.