Irish presidency proposes cutting EU's 2028–2034 budget by €159 billion
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The Irish presidency of the Council of the EU proposed an 8% cut, or €159 billion, to the Commission's original 2028–2034 budget plan, to appease a German-led camp demanding reductions. Farm subsidies and regional funds, which make up half the budget, are spared. The cuts fall on competitiveness (€75 billion), foreign aid (€38 billion) and administration (€10 billion). Dublin also scrapped the "EU Facility cushion" rainy day fund. The plan is €122 billion below the Cyprus presidency's June draft. EU leaders will discuss it at a summit next week.
Continue in the app — vote & join in ➔Source: Politico Europe · via ahirlevel.hu