US EditionEU proposes raising defense funding in 2-trillion-euro budget
BRUSSELS, BELGIUM, JUL 17 – The European Commission’s €2 trillion budget aims to increase defense funding five-fold and allocates €100 billion to Ukraine’s recovery amid geopolitical and economic challenges.
- On Wednesday, the European Union proposed a 2-trillion-euro budget for 2028–2034, responding to crises like Russia’s war on Ukraine and climate change.
- Several member states highlighted the need for a 'step change' in the EU's own resources, as Ursula von der Leyen called for increased defense funding and rejected the status quo.
- Funding projections show Ursula von der Leyen outlined spending plans to increase defense and space fivefold, triple migration funding, and allocate €100 billion for Ukraine, said the European Commission President.
- European Parliament President Roberta Metsola added, `every cent of the budget will count`, while Germany said it was unable to accept the proposal, and farmers threw boots at Brussels.
- The draft begins the budget process expected to last up to two years, requiring approval by all 27 member states and the European Parliament.
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Brussels wants €2 trillion from the member states over seven years, Commission President Ursula von der Leyen revealed last week. The battle over who will contribute how much can begin. The newly elected House of Representatives will have its work cut out for it, predicts Michiel Hoogeveen. "It will be crucial for maintaining our financial authority."
ANALYSIS. The von der Leyen Committee, with its EUR 2 000 billion, is focusing on competitiveness and flexibility, but it misses strategic agriculture and becomes bogged down in redistribution.
The European Commission wants to upgrade strongly: In the EU financial framework for 2028 to 2034, whose Commission draft was presented on Wednesday, ... The post EU Commission wants to increase defence budget fivefold – but does not know what appeared first on Apollo News for.
EU Proposes Record Budget with Ukraine Aid and Defense Boost
The European Commission has put forward its vision for the next long-term (2028-2034) European Union budget -- a record-high 2-trillion-euro ($2.3 trillion) framework, with a doubling of funds for both Ukraine and EU foreign policy in general, and a fivefold increase in defense-related investment. It is worth remembering that the July 16 proposal is just the opening shot in a battle that will consume Brussels for the next two years. All 27 EU me…
The European Commission wants to give farmers in the EU less money in the future. This is reflected in the new budget proposal. There is a protest against it. A surplus of the planned changes.
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