✉news WorldEU Politics first seen 1 d ago, last 1 d ago, peak #26
EU presidency proposes 8% budget cut to €1.6 trillion for 2028-2034
Original: EU presidency proposes 8% cut to its 2028-2034 budget to €1.6 trillion
The EU's rotating presidency has proposed an 8% cut to the bloc's long-term budget for 2028-2034, reducing it to €1.6 trillion. The proposal touches off negotiations over spending priorities, with member states and the European Parliament likely to clash over funding for agriculture, regional development, climate programmes and defence. The multiannual financial framework shapes EU policy for seven years, so any cut has wide implications.
Why now: The EU budget is being negotiated, and a proposed cut of this size affects funding for every member state and major policy area.
European UnionEU Council presidencyEuropean CommissionEuropean Parliament
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