Proposed Next EU Budget Cut Back in Search for Deal
The compromise trims development, administration and competitiveness spending while leaving dedicated Ukraine support at 88.87 billion euros.
- On Saturday, the Irish Council Presidency proposed a 2028-2034 EU budget of €1.6 trillion, representing an 8% reduction from the European Commission's initial €2 trillion plan.
- Negotiations require unanimity among the 27 EU countries, where several nations described as 'the frugals' pushed for wide-ranging cuts after Germany dismissed initial proposals as 'unacceptable.'
- Reductions to the 'Global Europe' pot total over 20 billion euros, yet the proposal prioritizes Ukraine funding, describing the commitment as 'central to our overall ambitions.'
- Dutch prime minister Rob Jetten stated on Friday that budget increases are 'simply not viable at a time when national budgets are already under pressure.' EU leaders meet next week in Brussels to discuss the proposal.
- Officials face 'massive uncertainty' regarding long-term funding for wartime Ukraine, with a senior official warning 'no one is pussyfooting about that,' as countries aim to finalize the budget by the end of 2026.
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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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15min.ltIn a bid to reach a deal, the Irish presidency of the European Union (EU) on Saturday proposed a 140 billion euro cut to the bloc's proposed next budget, a new draft shows.
Proposed next EU budget cut back in search for deal
European Union countries have been wrangling over the size of the next budget, with Germany spearheading calls for deep cuts to an earlier proposal of nearly two trillion euros by Brussels. Leaders from the 27-nation bloc will meet in Brussels next week to discuss the plan as they seek to reach an agreement on the 2028-2034 budget by Christmas. The EU fears that any delay would push talks into a fraught election year in 2027 with worries about…
EU budget: Ireland pitches €141bn cuts to appease the ‘frugals’
Ireland proposes cutting the next EU budget by 8%, with global cooperation and competitiveness taking the deepest cuts, while agriculture and cohesion funding is reduced by only 3%. It also includes a €55bn-a-year package of own resources. EU leaders will discuss the plan on 15-16 October.
The Presidency of the European Union, held this semester by Ireland, proposed on Saturday an 8% reduction in the EU's multiannual budget for the period 2028-2034. The European Parliament reacted quickly, through the voices of co-rapporteurs Siegfried Mureșan and Carla Tavares, who reject the position and point out that this would mean weakening Europe's capacity in terms of competitiveness, defense and security, in a delicate global context.
The European Parliament considers the new proposal for the EU multiannual budget (2028-2034) presented by the Irish Presidency on Saturday unacceptable. The Irish propose taking 140 billion from the European Commission's proposal of nearly 2 trillion. The European Parliament, on the other hand, wants more money to go to the EU budget and wants a figure of 2,200 billion.
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