EU Presidency Suggests Budget Cut Ahead of Negotiations
BRUSSELS, June 11 - The European Union's budget for 2028-2034 should be 2% smaller than the 2 trillion euros proposed last year, the Cypriot EU presidency proposed on Thursday, opening months of negotiations on what EU policies should get funding.
The European Union's upcoming budget for 2028-2034 has been proposed to be 2% less than the previously suggested 2 trillion euros. This proposal comes from the Cypriot EU presidency and marks the beginning of extensive discussions regarding the allocation of funds for various EU policies. The reduction, though modest, signals the start of a complex negotiation period among member states.
This budget proposal initiates critical discussions on how EU policies will be funded over the next seven years, impacting everything from agriculture to research and development.
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