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Ireland proposes revised €1.62 trillion EU budget for 2028-2034
The Irish presidency of the Council of the European Union has presented a revised negotiating framework for the 2028-2034 Multiannual Financial Framework. The proposal suggests a total budget of €1.62 trillion, representing an 8% reduction from the European Commission's initial €1.76 trillion proposal.
The revised plan aims to bridge the divide between fiscal hawks, led by Germany and the Netherlands, who demand significant cuts, and the 'Friends of Cohesion' group, including Spain, Italy, and Romania, which advocates for protecting agricultural and regional development funds. While the Irish proposal seeks to preserve cohesion and agriculture spending, it proposes substantial cuts to areas such as competitiveness, research, defense, and the Global Europe instrument.
To fund the budget, the Commission has suggested exploring new revenue sources, including taxes on large companies and electronic waste, potentially generating €55 billion annually. EU leaders are expected to continue negotiations in Brussels with the goal of reaching a political agreement by the end of 2026, ideally before Christmas.
Entities
Emmanuel Macron · European Commission · European Union · France · Germany · Ireland · Thomas Byrne
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] The European Commission proposed a budget of nearly 2 trillion euros for the 2028-2034 period. ruse.news · gulfnews.com
- [● 2 SOURCES] The Commission suggested funding part of the budget through new revenue sources, such as taxes on large companies or electronic waste. ruse.news · fakti.bg
- [● 2 SOURCES] A group of 17 countries known as 'Friends of Cohesion' is advocating for increased funding for agriculture and regional development. ruse.news · fakti.bg
- [● 2 SOURCES] France opposes deep cuts, arguing for an ambitious budget to address strategic and economic challenges. ruse.news · gulfnews.com
- [● 2 SOURCES] Germany and other net contributors, including the Netherlands, Sweden, and Austria, have demanded cuts of several hundred billion euros. www.dattelner-morgenpost.de · gulfnews.com
- [● 2 SOURCES] An EU diplomat criticized the current proposals, calling for more financial realism and less 'financial La-La-Land'. www.upday.com · www.suedkurier.de
- [● 11 SOURCES] The Irish EU Council Presidency presented a revised proposal to reduce the budget by approximately 159 billion euros. www.dattelner-morgenpost.de · www.fehmarn24.de · www.marler-zeitung.de · www.waltroper-zeitung.de · www.dorstenerzeitung.de · +6 more
- [● 11 SOURCES] The new proposal sets the 2028-2034 financial framework at 1.826 trillion euros. www.dattelner-morgenpost.de · www.fehmarn24.de · www.marler-zeitung.de · www.waltroper-zeitung.de · www.dorstenerzeitung.de · +6 more
- [● 2 SOURCES] The EU aims to reach an agreement on the 2028-2034 budget by the end of the year. ruse.news · www.dattelner-morgenpost.de
- [● 2 SOURCES] A group of 17 countries, known as the ‘Friends of Cohesion’, is demanding increased funding for agriculture and regional development. ruse.news · fakti.bg
- [● 8 SOURCES] The revised budget framework proposed by Ireland for 2028-2034 is 1.826 trillion euros. www.dattelner-morgenpost.de · www.upday.com · www.fehmarn24.de · www.it-boltwise.de · www.marler-zeitung.de · +3 more
- [● 10 SOURCES] The Irish EU Council Presidency presented a revised proposal to reduce the budget by approximately 159 billion euros compared to the Commission's original plan. www.dattelner-morgenpost.de · www.upday.com · www.suedkurier.de · ruse.news · www.fehmarn24.de · +5 more