panel 7 State Restructuring: Theoretical and Empirical Perspectives - The impact of NGEU and the MFF 2021-2027 on the distribution of authority and fiscal autonomy in the EU Multi-Level Governance system.

Next Generation EU and the Multiannual Financial Framework 2021-2027 are extraordinary milestones for the EU integration process. Both regulations not only have important redistributive effects within a defined timeframe, but also have an impact both on the distribution of budgetary authority and competences, e.g. by strengthening conditionality instruments, and on the financial autonomy, e.g. by introducing new own resources at EU level. In doing so, both regulations shape the hierarchy of objectives and the instruments of EU budgetary policies, especially in cohesion policy. This paper analyses the impact of NGEU and the MFF 2021-2027 on the distribution of authority and fiscal autonomy in the EU Multi-Level Governance system.