Ireland to Present Draft Seven-Year EU Budget on Saturday
The compromise keeps farm and regional aid largely intact while shifting deeper cuts to aid, competitiveness and administration and adding €55 billion a year in new revenue.
- 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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Ireland’s (currently holding the EU presidency) plan to cut the EU’s budget for the next seven years is causing a stir. Specifically, today the Irish presidency presented its proposal for the next EU Multiannual Financial Framework (MFF), i.e. the budget for the next seven years. And although the proposal sets a framework for negotiations and does not constitute the final agreement, it has already caused strong reactions, as it is the basis on w…
The Irish Presidency's proposal sets the EU budget for the period 2028-2034 at approximately 1.622 trillion euros, corresponding to 1.16% of the Union's Gross National Income, compared to 1.26% in the Commission's initial proposal. The post Ireland proposes 141 billion euros in cuts to the EU budget - Reactions from member states appeared first on in.gr.
The new EU budget, which will apply for seven years starting in 2028, has been publicly contested for more than a year. On Saturday, rotating presidency Ireland put forward a proposal to get the negotiations back on track.
The Irish Presidency's proposal sets the new Multiannual Financial Framework at EUR 1.62 billion, less 8% compared with the value initially proposed by the European Commission.
EU Eyes €160 Billion Cut From Initial Budget Heading Into Talks
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