The next seven-year EU budget for Horizon Europe is still being debated. Due to the current world health crisis, the budget had to be revised and a proposal will be released by the European Commission president, Ursula von der Leyen. Indeed, governments currently face national difficulties directly impacting their economic and health system and are preparing for a post-crisis recession, which does not facilitate long-term budget planning.
In the current environment, the European Commission is looking for alternatives. Among them, extending the 2020 budget to 2021 is being discussed: the member states (except for the UK) would pay into the EU budget on the same GDP formula as in 2020. Therefore, research would get the same share in 2021 as it does in 2020. Otherwise, operating on a monthly basis is also a potential option.
Read more about it here.