Sweden to reject Irish EU presidency proposal on 2028-2034 budget plan
The compromise would raise Sweden’s net contribution by almost 60%, Prime Minister Ulf Kristersson said, as leaders struggle to narrow a budget dispute.
- On Thursday, Swedish Prime Minister Ulf Kristersson announced that Sweden will reject the Irish EU presidency's budget proposal for the European Commission's 2028 to 2034 budget plan.
- Published last Saturday, the Irish government's draft faces criticism from member states seeking deeper cuts to the €1.72 billion European Commission proposal, while the Commission argues it removed essential flexibilities.
- Taoiseach Micheál Martin noted that countries representing 46% of national contributions argue the budget is too high, while others insist on protecting CAP and cohesion funding.
- Frugal member states have cast doubt on reaching agreement by the final December summit, though Martin stated Ireland remains a neutral chair in negotiations.
- Reaching agreement is considered essential before elections next year that could shift political power, and to meet the legislative timetable for the budget to take effect on January 1, 2028.
254 Articles
254 Articles
The leaders of the European Union (EU) failed yesterday to reach agreement on the group's long-term budget, at the conclusion of the Council summit in Brussels.
EU summit ends with mounting bills and unresolved divisions
Behind the EU summit's limited progress lay three pressing challenges: a budget difficult to agree upon, a growing security bill complicated by tensions with Washington, and an energy crisis testing Europe's economic resilience.
The Star Kuala Lumpur
XinhuaWorld Insights: EU summit ends with mounting bills, unresolved divisions
BRUSSELS, Oct. 16 (Xinhua) -- The two-day European Union (EU) summit concluded in Brussels on Friday without a breakthrough on the bloc's long-term budget, as rising security commitments and soaring energy costs exposed a growing gap between Europe's ambitions and its ability to deliver.
EU summit ends without budget deal as Ukraine seeks €40bn for 2027 defence
Credit: bne IntelliNewsEU leaders failed to agree the bloc's 2028-2034 budget and pushed the fight to a November 26 summit, as Kyiv told the G7 that €40bn of its 2027 defence needs is unfunded.
France's Macron warns EU leaders they need budget deal before year-end, say diplomats
BRUSSELS, Oct 16 - French President Emmanuel Macron has warned EU leaders they should agree the bloc's next long-term budget before the end of the year because elections in several countries, including France, will make a deal harder to secure, two diplomats said. Read more at straitstimes.com.
EU budget negotiations 2028-2034 come alive between cuts clashes, agricultural and cohesion funds and new European taxes. The goal is to reach an agreement by the end of the year, but the divisions between Member States remain deep.
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