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Mmastodon WorldDefense first seen 2 d ago, last 2 d ago, peak #9

EU countries brace for €100B-€200B smaller budget

Original: EU countries brace for €100B-€200B smaller budget https://www.politico.eu/article/eu-countries-smaller-budget-proposal/?

EU member states are preparing for a European Commission budget proposal that could be €100 billion to €200 billion smaller than current levels. Politico reports the shortfall would affect major spending areas including agriculture, cohesion policy, and competitiveness programs. Governments and regional interests are bracing for fights over how cuts would be distributed and how the EU would raise its own resources to fill the gap.

Why now: A new EU budget proposal with potentially massive cuts is imminent, threatening funding that member states and regions depend on.

European UnionEuropean Commission

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