Ireland to Present Draft Seven-Year EU Budget on Saturday
The compromise keeps farm and cohesion funding largely intact while adding €55 billion in new revenue options, Ireland 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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197 Articles
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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