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EU budget 2028-2034
Where things stand
The Irish EU presidency has proposed cutting the Commission's 2028-2034 budget plan by 8%, Reuters reports. According to Handelsblatt, the move sharpens the dispute with net payers and sets the presidency against Chancellor Merz.
The EU is negotiating its next seven-year budget, the multiannual financial framework for 2028 to 2034, which the Commission proposed and member states must approve unanimously. Net contributors such as Germany press for smaller spending, while recipient countries and the Commission defend higher levels.
Timeline in detail
Sunday, 11 October 2026 · EconomyIrish EU presidency proposes 8% cut to 2028-2034 budget plan
The Irish EU presidency wants to cut the proposed 2028-2034 EU budget plan by 8%, Reuters reports. According to Handelsblatt, the new proposal sharpens the dispute with net payers and puts the presidency on a collision course with Merz.