Drafting the New Multi-Annual Blueprint

European Commission President Ursula von der Leyen called today for a solution to create new sources of revenue for the European Union budget. The EC has presented a draft law and is working on additional proposals, she said at an event in Brussels dedicated to the European budget for 2028-2034. "It is high time to reach a solution, we must start repaying the loans that have been drawn down.

In July, the EU Commission intends to present its proposal for the next long-term EU budget starting from 2028. "The multiannual financial framework is set for a period of seven years and sets the maximum expenditure ceilings for different policy areas. The EU Parliament is calling for people and regions to be at the centre and we must ensure that the EU is able to respond to the needs of its citizens. Romanian MEP Daniel Buda from the EPP is th…

Drafting the new multi-annual blueprint

The launch of negotiations for the new EU Multi-annual Financial Framework (2028-2034), as well as the planning of the new generation of projects, was the focus of a meeting of the Government Council for Economic Policy (KYSOIP), chaired by Deputy Prime Minister Kostis Hatzidakis, on Monday, at the Bodossakis Mansion.

Funding the future: Why the EU needs a bold new budget

As the current long-term budget nears its end, the European Parliament is laying down its demands for a more ambitious financial framework to tackle mounting challenges. The European Union, like its individual Member States, must secure the necessary funds to fulfil its promises to its citizens. Without adequate financial backing, these commitments risk becoming mere aspirations. This is precisely why...