The European Union is considering cutting its 2028–2034 seven-year budget by €100 billion to €200 billion. The option is being discussed as negotiations over the bloc’s next budget plan intensify and several member states push for tighter spending discipline.
The strongest pressure is coming from donor countries, whose contributions to the common budget exceed the funding they receive back. According to the report, Germany is the main driver of this position.
Politico reports that talks on the European Commission’s proposed €1.76 trillion budget package have reached a deadlock. Brussels has also failed to win support for its proposal to reduce agricultural subsidies and aid for regions facing economic decline.
According to Politico’s sources, savings within EU structures could total €100 billion to €200 billion. The cuts are expected to come from spending on foreign policy activity, assistance to foreign states and investment in industrial innovation.
At the same time, the Common Agricultural Policy, which supports farmers, is expected to remain largely unchanged. It currently accounts for up to one-third of the EU budget.
