The Member States 25 March 1957, Consolidated version of the Treaty on the Functioning of the European Union#PART SIX - INSTITUTIONAL AND FINANCIAL PROVISIONS#TITLE II - FINANCIAL PROVISIONS#CHAPTER 2 - THE MULTIANNUAL FINANCIAL FRAMEWORK#Article 312

7.6.2016 EN Official Journal of the European Union C 202/182 Article 312 1. The multiannual financial framework shall ensure that Union expenditure develops in an orderly manner and within the limits of its own resources. It shall be established for a period of at least five years. The annual budget of the Union shall comply with the multiannual financial framework. 2.