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European Parliament Proposes 10% Increase in EU Long-Term Budget
10 Articles
10 Articles
For example, more would be spent on the planned competitiveness fund, the Horizon Europe research program, and Erasmus+ educational exchanges.
European Parliament proposes 10% increase in EU long-term budget
EU lawmakers in the Parliament’s Budget Committee adopted their negotiating position on the 2028–2034 multiannual budget on Wednesday. They propose a 10% increase compared to the European Commission’s €2 trillion proposal.
On Wednesday, Parliament's Committee on Budgets adopted its negotiating position on the next EU budget (2028-2034), calling for a 10% increase in the funds allocated to programmes, compared to the Commission's proposal. ...
Thus the vice-president of the Budget Committee at the EP and MEP of the Democratic Party Giuseppe Lupo and the head of the Democratic Party delegation at the European Parliament Nicola Zingaretti, commenting on the vote in the Budget Committee
MEPs on the Budget Committee are proposing a seven-year budget from 2028 that is up to ten percent higher than the European Commission's proposal. However, a final decision is not expected until the end of this year.
The text, adopted by 26 votes to 9, with 5 abstentions, sets the volume of the financial framework at 1.27% of the EU's gross national income, as opposed to the Commission's initial proposal, and advocates excluding the debt repayment costs of the NextGenerationEU recovery fund from the budget ceiling.
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