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EU 2028–2034 budget negotiations

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2026-09-08 15:34 UTC → 2026-09-10 12:51 UTC · added removed

Negotiations are underway regarding the European Union’s Multiannual Financial Framework for the 2028–2034 period. The European Commission has proposed a budget of 2 trillion euros, while the European Parliament is seeking 2.2 trillion euros to address growing needs in security, defense, competitiveness, and energy security. European Commission President Ursula von der Leyen has warned that without new “own resources” or increased member state contributions, the proposed budget would need to be reduced by 40 percent. To fund these requirements, various proposals for new “own resources” revenue sources have emerged. Siegfried Mureşan, the European Parliament’s chief negotiator, suggested The Commission has identified five potential sources—emissions allowances (EU ETS), carbon border taxes, electronic waste fees, tobacco taxes, and a moderate EU-wide digital tax to alleviate the burden on “frugal” member states. Following this, France proposed generating over 60 contribution from large corporations (CORE)—which could collectively generate approximately 58.5 billion euros through various EU-wide taxes, including levies annually. Additionally, the European Parliament has suggested taxes on tobacco, company turnovers, digital services, online gambling, and revenues from the EU Emissions Trading System. crypto-asset capital gains. While there is consensus on using revenue from the Carbon Border Adjustment Mechanism and electronic waste, other French proposals face significant opposition from several member states. Ireland, acting as due to diverging national interests. Germany opposes the current EU presidency, intends CORE corporate levy, several Central and Eastern European countries oppose using emissions allowance revenues, and Malta opposes a tax on online gambling. European Council President António Costa aims to clarify acceptable revenue sources ahead of reach an agreement on the EU Leaders' Summit in October. revenue package by October to facilitate broader budget consensus.

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  1. 2026-09-10 12:51 UTC EU 2028–2034 budget negotiations
  2. 2026-09-08 15:34 UTC EU 2028–2034 budget negotiations

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