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EU proposes raising defense funding in 2-trillion-euro budget
BRUSSELS, BELGIUM, JUL 16 – The European Commission aims to boost defense and space spending fivefold and allocates up to €100 billion for Ukraine's reconstruction in its €2 trillion budget proposal.
- The European Commission proposed a €2 trillion budget for 2028-2034 on Wednesday in Brussels to boost defense and competitiveness.
- The proposal emerged amid complex challenges including Russian aggression and economic competition, with some member states like the Netherlands calling it too high.
- The budget includes a fivefold increase to €131 billion for defense and space, a €451 billion competitiveness fund, €302 billion for farmers, and €100 billion for Ukraine support.
- Commission President von der Leyen described it as 'larger, smarter and sharper,' matching Europe's ambition, while Dutch Finance Minister Heinen warned the budget is excessive.
- The draft now starts tense negotiations among EU's 27 members and Parliament, with debates focusing on funding sources, reforms, and balancing new priorities with traditional investments.
285 Articles
285 Articles
EU Proposes Record Budget with Ukraine Aid and Defense Boost
The European Commission has put forward its vision for the next long-term (2028-2034) European Union budget -- a record-high 2-trillion-euro ($2.3 trillion) framework, with a doubling of funds for both Ukraine and EU foreign policy in general, and a fivefold increase in defense-related investment. It is worth remembering that the July 16 proposal is just the opening shot in a battle that will consume Brussels for the next two years. All 27 EU me…
The European Commission wants to give farmers in the EU less money in the future. This is reflected in the new budget proposal. There is a protest against it. A surplus of the planned changes.
The European Commission, headed by President Ursula von der Leyen, plans to increase the EU budget from 2028 to two trillion euros and to raise its own corporate taxes. "Good that there is resistance to this, according to author Christoph Lemmer.
Plan of 2,000 billion. With the union between Cohesion Funds and Pac, the fields will lose 20%. Blackmail: "The respect of the rule of law condition for investments" .The Union, hunting for money that it does not have, will put an extra excise duty on tobacco & C. to recover 11 billion. Other income from green taxes and taxes on large companies with more than 100 million turnover.The special contains two articlesContinue reading
For a "modern budget", the EU does not have to increase its spending, but the idea of Commission President von der Leyen to restructure the budget is interesting.
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