EU's Irish presidency wants 8% cut to proposed 2028-2034 budget plan
The compromise shifts the deepest reductions to competitiveness and external action while leaving agriculture and cohesion with smaller cuts, officials said.
- 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.
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286 Articles
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Westfalenpost
The chancellor wants to limit the Community's expenditure, and he will soon have to move in order to make a compromise possible.
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osthessen-news.de
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The words of the German Chancellor to the Council arrived at the European Council
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