Proposed Next EU Budget Cut Back in Search for Deal
The compromise protects farm and regional aid while shifting more money to competitiveness, defense and new revenue sources.
- On Saturday, October 10, the Irish Presidency will release a new draft negotiating package for the EU's 2028-2034 budget, aiming to help nudge all 27 member states toward a final deal before year-end.
- Germany and other 'frugal' Nordic countries demand substantial cuts, while 17 Southern and Eastern European states signed a joint letter last week defending Common Agricultural Policy subsidies and cohesion spending.
- Parliament's rapporteur Siegfried Muresan warned in April 2026 that a smaller budget would weaken Europe, as Parliament called for approximately 10% increase to fund defense, cohesion, and agricultural priorities.
- Minister of State for European Affairs Thomas Byrne said the Irish Government will propose trimming the budget by between €100 billion and €200 billion, providing a 'realistic basis' for leaders' final negotiations.
- European leaders hope to finalize a deal during crunch summits between next week and year-end, though Chancellor Friedrich Merz claimed last week that having no new framework benefits Germany financially.
157 Articles
157 Articles
EU Eyes €160 Billion Cut From Initial Budget Heading Into Talks
Ireland, as the EU President for six months, has proposed cutting the EU budget for the coming years. Ireland proposes reducing it by 140 billion. There is much debate surrounding the upcoming seven-year budget. The Netherlands and five other countries believe that the European Commission wants an excessively large budget. The European Commission had proposed a multiannual budget of 1.76 trillion euros (1,760 billion). In a letter to EU Preside…
EU's Irish presidency wants 8% cut to proposed 2028-2034 budget plan
Finally, Ireland has submitted its negotiating proposal for the next European Union budget - the so-called Multiannual Financial Framework (MFP) - which will be in force from 2028 to 2034, and from its reading it could be said that the so-called ‘frugal’ countries can be satisfied. Germany, the Netherlands, Austria and Sweden, which are some of the countries ... Continue reading "The Irish presidency proposes to cut the European budget by 8% and…
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