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✉news WorldEU Politics first seen 1 d ago, last 23 h ago, peak #17

EU's next long-term budget cut by 140 billion euros

Original: Proposed next EU budget slashed by 140 billion euros: Official

A senior official says the EU's proposed next long-term budget has been reduced by 140 billion euros compared with what the European Commission originally put forward. The cut affects the multiannual financial framework that funds EU priorities such as agriculture, regional development and defense. The reduction is likely to reignite disputes among member states and the Commission over spending levels ahead of negotiations.

Why now: News of a major cut to the EU's long-term budget has just been reported, sparking debate over its impact on EU programmes.

European UnionEuropean Commission

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